Press Release
NioGold Mining Corporation
Symbol: NOX: TSX-V
NOT FOR DISSEMINATION IN
THE UNITED STATES OR FOR RELEASE TO U.S NEWSWIRE SERVICES
NIOGOLD ANNOUNCES INCREASE TO
BROKERED PRIVATE PLACEMENT
Val-d'Or, Quebec, March 23,
2007. Further to the news release of NioGold Mining Corporation
(\"NioGold\") (or the \"Company\") on March 5, 2007, the Company wishes to announce
that the non-flow-through portion of the brokered private placement led by
Pacific International Securities Inc. and including Canaccord Adams of up to
6,286,000 non flow-through units ("Units") at $0.35 per Unit has been increased
to up to 10,856,000 Units. Each Unit will consist of one non flow-through
common share and one-half of one transferable common share purchase
warrant. Each whole warrant will entitle the holder to purchase one
additional non flow-though common share of NioGold at a price of $0.70 for a
period of 18 months from closing.
All other terms of the offering will
remain the same.
All securities issued pursuant to the
private placement will be subject to a four month hold period. The offering
remains subject to the approval of the TSX Venture Exchange.
The TSX Venture Exchange has not
reviewed, and does not accept responsibility for the adequacy or accuracy of the
content of this news release.
This news release does
not constitute an offer to sell or a solicitation of an offer to sell any of
securities in the United States. The securities have not been and will not
be registered under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act") or any state securities laws and may not be offered or
sold within the United States or to U.S. Persons unless registered under the
U.S. Securities Act and applicable state securities laws or an exemption from
such registration is available
NioGold Mining Corporation - � The
Golden Highway Runs Through NioGold �
NioGold Mining Corporation is a junior
exploration company primarily focused on GOLD. The Company's main
properties are the Camflo West and the Marban Block located in the Malartic and
Val-d'Or Mining Camps, Quebec.
NioGold's experienced and qualified
technical team will ensure the successful advancement of the Company's projects
towards the highest quality mineral resources. NioGold invites you to visit the
company website at www.niogold.com. For
information on NioGold Mining Corp. contact:
Coal Harbor Communications NioGold Mining Corp.
Suite 701, 555 Jervis Street Michael
A. Iverson, President & CEO
Vancouver BC Canada V6E 4N1
miverson@niogold.com
dale@coal-harbor.com
Tel:
(604) 856-9887
Tel: 1+ (604) 662-4505
 
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Niogold Mining Corp
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EXPLORATION STAGE |
CODE : NOX.V |
ISIN : CA6544851018 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Niogold is a gold exploration company based in Canada. Niogold holds various exploration projects in Canada. Its main exploration properties are MALARTIC BLOCK, CAMFLO WEST, KIERENS, LE TAC, MARBAN MINE, BLONDEAU-GUILLET, BOYVINET and PUMP LAKE in Canada. Niogold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 56.3 millions as of today (US$ 42.5 millions, € 38.0 millions). Its stock quote reached its highest recent level on December 29, 2003 at CA$ 0.74, and its lowest recent point on December 19, 2008 at CA$ 0.04. Niogold has 130 820 008 shares outstanding. |