TSXV: NEM
TORONTO, June 4, 2015 /CNW/ - New Era Minerals Inc. (the
"Company") announces that it has closed the first tranche of its
non-brokered private placement (the "Private Placement")
previously announced in the Company's news release dated
May 1, 2015, issuing 2,750,000 common
shares of the Company (the "Shares") at a price of
$0.20 per Share and raising
$550,000.
The proceeds raised from the Private Placement will be used for
general corporate and working capital requirements, including the
investigation of potential opportunities to acquire additional
mining projects in Xinjiang, People's
Republic of China ("PRC").
All securities issued pursuant to the Private Placement will be
subject to a four month hold period expiring on October 2, 2015.
About New Era Minerals Inc.
New Era Minerals Inc., through its wholly-owned subsidiary,
Haijin International Group Limited, owns 95% of Xinjiang
Yongkun Mining Co. Ltd. ("Yongkun"). Yongkun's
principal activities are the exploration, evaluation and
development of mineral property interests in the PRC,
including Yongkun's 100%-owned Suyeke North nickel property
located in Tuoli County, Tacheng
Area, Xinjiang-Uyghur Autonomous Region, PRC.
On behalf of the Board of Directors of
NEW ERA MINERALS INC.
Sun Tian Xiang
Chief Executive Officer
Neither 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 or accuracy of this release.
SOURCE New Era Minerals Inc.