Northern Vertex Appoints BDW International to Drill 3,000 meter Program at Moss Mine

December 5, 2016, Vancouver, B.C. – Northern Vertex Mining Corp (TSXV:NEE)  is pleased to announce that it has entered into a drill contract with BDW International to conduct a 3,000 meter drilling program on its Moss Mine Gold-Silver property located in Mohave County, Arizona, U.S.A. The Company further reports it has closed an oversubscribed Non-Brokered Private Placement (the “Private Placement”) issued an aggregate of 3,386,250 units (each a “Unit”) at a purchase price of $0.40 per Unit raising gross proceeds to the Company of $1,354,500.
Each Unit consists of one common share (“Common Share”) of the Company and one half transferable share purchase warrant (“Warrant”). Each whole Warrant will entitle the holder to acquire one Common Share of the Company at an exercise price of $0.65 expiring on December 3, 2018. Cash finders fees to arm’s length parties of 6%, totaling $61,600 will be paid on a portion of the Private Placement.
The Company intends to use the net proceeds of the Private Placement to conduct a multi-phase drill program on several prospective gold-silver targets identified from its ongoing property wide exploration program on its Moss Mine Gold-Silver property located in Mohave County, Arizona, U.S.A. and for general working capital purposes. The Company has identified four high priority targets that will be the focus of an ongoing multi-phase drill program on Moss. These include the West Oatman stockwork vein target, the high-grade Old Timer East and West targets and the Western Extension of the Moss.
Connect with Northern Vertex Mining Corp (TSXV:NEE)  to receive an Investor Presentation.