NWM to Conduct Strategic Review to Maximize Shareholder Value
TSX Venture Exchange
Symbol: NWM
TORONTO, Nov. 3, 2011 /CNW/ - NWM Mining Corporation (the 'Company')
is pleased to announce that the Company has initiated a process to explore and evaluate potential strategic alternatives in order to unlock shareholder value. As part of the strategic review the Company has engaged M Partners Inc. as financial advisor to assist in this process.The strategic review will encompass a thorough analysis and evaluation of the prospects and options available to the Company. These options may include a joint venture, sale, merger, strategic investment or other alternatives identified by the Company or M Partners that will serve to maximize shareholder value.
The Company's CEO Chris Berlet commented, 'This is a good time to review strategic alternatives for NWM as the Company is preparing to mine a second deposit (the La Jojoba gold reserve) and to continue with the ramp up of gold production at the Lluvia-Jojoba gold project. There remains meaningful exploration potential on the 5,075 hectare property package surrounding the two known deposits. Given the robust gold price environment and our proximity to achieving full commercial production in a mining friendly jurisdiction, we feel that the true value of Company shares is not reflected in the market.'
The Company has not set a timetable for completion of the review process, and it does not intend to comment further regarding the review process unless a specific transaction is approved by the Board of Directors, the review process is concluded or it is otherwise determined that further disclosure is appropriate or required by law.
About NWW Mining Corporation: NWM is a new gold producer in the State of Sonora, Mexico. The first gold pour occurred in May 2011. The core assets of the Company are the fully permitted Lluvia de Oro and La Jojoba open pit mines (Lluvia-Jojoba project). The Company is currently ramping up gold production from the Lluvia de Oro mine and expects to commence production from the La Jojoba gold reserve in 2012.
About M Partners Inc.: M Partners Inc. is an independent full service investment bank with extensive experience advising public and private resource companies. M Partners research was ranked 2(nd) overall in First Coverage's 2010 Top Performing Canadian Firms. The firm has participated in over $3.0 billion of transactions since its inception and its work encompasses a variety of sectors including metals & mining, oil & gas, software technology, industrial & agriculture, alternative energy, financial services, real estate and consumer products.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release
NWM Mining Corporation
CONTACT:
NWM Mining Corp. M Partners Inc.
Chris Berlet Jason Matheson
President & CEO Vice President, Investment Banking
416 364 6799 416-603-7381 x246
info@nwmcorp.ca