NWT Uranium Corp. Announces Closing of Private Placement

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[{"type":"text","content":"\n\n\n\nTORONTO, Oct. 15 /CNW/ - NWT Uranium Corp. (TSXV: NWT; OTCBB: NWURF) (the\n"Corporation") announced today that it has completed a non-brokered private\nplacement for aggregate proceeds of $1,000,000. The placement was for an\naggregate of 20,000,000 common shares at a subscription price of $0.05 per\nshare. The Corporation plans to use the proceeds from the offering principally\nfor exploration and development activities at the Corporation's Picachos\nproject in Durango, Mexico and general working capital.\n\n\nAfter giving effect to the offering, the Corporation has 126,131,342\ncommon shares outstanding.\n\n\nJohn Lynch, the Corporation's President and Chief Executive Officer,\nstated, "We are very pleased to be able to conclude this financing\nnotwithstanding the current market tumult. We look forward to commencing our\ndrilling program at the Picachos project under the guidance of M. Robinson\nMASc., P. Eng."\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\nor accuracy of this release.\n\n\n","length":1143,"tagName":"div"}]

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