North American Gem Inc. Private Placement

North American Gem Inc. (TSXV:NAG) reports that a non-brokered private placement of up to 14,000,000 units at a price of $0.075 per unit for total proceeds of up to $1,050,000 on approval of the TSX Venture Exchange.

The press release is quoted as saying:

The proceeds of the private placement will be used for exploration work on the Company’s mineral properties and general working capital. Finder’s fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering.

Click here to access the entire news release.

Click here to access North American Gem’s company profile.