Northern Vertex Closes Private Placement for Gross Proceeds of $9,148,750

Northern Vertex Mining Corp. (TSXV:NEE) announced the closing of a non-brokered private placement for gross proceeds of $9,148,750. The placement was previously announced for $7.5 million but was over subscribed.

As quoted in the press release:

In a news release dated November 13th, 2012, the Company announced a Non-Brokered Private Placement of $7.5 million with a closing date of November 26th, 2012. The Private Placement closed earlier today as previously announced and was oversubscribed raising gross proceeds of $9,148,750.

Northern Vertex, President and CEO, Dick Whittington, stated:

I am extremely pleased to announce this closing. Being oversubscribed in a Non-Brokered Private Placement in today’s volatile equity markets is particularly pleasing and shows the confidence that the market has with our business plan.

Click here to read the Northern Vertex Mining Corp. (TSXV:NEE) press release
Click here to see the Northern Vertex Mining Corp. (TSXV:NEE) profile