North American Tungsten (TSXV:NTC) announced that it has closed  a deal  including  an aggregate of US$2,870,000 principal amount of convertible debentures.

The press release is quoted as saying:

The Convertible Debentures issuable under this placement and the common shares issuable upon conversion of the Convertible Debentures are subject to a four month hold period pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange and cannot be traded before March 1, 2011.

To access the full press release, click here.