Northern Vertex Files Preliminary Prospectus

Jul 10, 2013 Download PDF   Share:  Share on Facebook   Share on Twitter   Share on Google Plus   Share on LinkedIn


Vancouver, British Columbia, July 10, 2013 - Northern Vertex Mining Corp. ("Northern Vertex" or the "Company") (TSX.V: NEE, OTCQX: NHVCF) announces that it has filed a preliminary short form prospectus with the securities regulatory authorities in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island (collectively, the "Jurisdictions") in connection with a best efforts marketed equity offering (the "Offering") to raise gross proceeds of up to $10 million with a syndicate of agents led by Paradigm Capital Inc. ("Paradigm") and including Cormark Securities Inc. and Haywood Securities Inc. (collectively, the "Agents"). The Offering will consist of the sale of common shares (the "Common Shares") at a price to be determined in the context of the market (the "Issue Price"). The Agents shall have the option, exercisable in whole or in part at closing and for a period of up to 30 days following the Closing Date (as hereinafter defined), to purchase an additional 15% of the number of Common Shares sold under the Offering at the Issue Price per Common Share.

The Offering is expected to close before market opening on August 13, 2013 but may close, if at all, as otherwise agreed by the Company and lead agent Paradigm (the "Closing Date"). Completion of the offering is subject to certain customary conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and provincial securities regulators.

The net proceeds from the Offering will be used to advance the Company's business plan for the exploration and development of the Moss Mine Gold-Silver Project in Mohave County, Arizona. This will include the Company's Pilot Plant operations program which is designed to confirm test mining, heap leach processing and gold and silver recoveries, as well as for some related exploration drilling.

In conjunction with the Offering, Northern Vertex intends to complete, on a concurrent private placement basis, a non-brokered offering of common shares of up to $5 million (the "Private Placement Offering") to accredited investors. The Private Placement Offering will be priced at the Issue Price and the two offerings are not interdependent. The Private Placement securities will be subject to a four month resale restricted period.

The securities referred to in this press release 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 in the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer of securities for sale or a solicitation for offers to buy any securities in the United States. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements.

About Northern Vertex:

Northern Vertex Mining Corp. is a Canadian based exploration and mining company focused on the reactivation of the Moss Mine Gold-Silver Project located in NW Arizona, USA. The Moss Gold-Silver Project is an epithermal, low sulphidation quartz-calcite vein and stockwork system which extends over a strike length of 1,400 meters and has been drill tested to depths of 200 meters vertically. It is a potential heap leach, open pit project being advanced under a three phase business plan, specifically designed to ensure that technical, economic, permitting and funding requirements are met prior to each phase proceeding. The Company's management comprises an experienced management team with a strong background in all aspects of acquisition, exploration, development, operations and financing of mining projects worldwide. The Company is focused on working effectively and respectfully with our stakeholders in the vicinity of the historical Moss Mine and enhancing the capacity of the local communities in the area.


J.R.H. (Dick) Whittington, President & CEO

For further information, please visit
or contact Investor Relations at 604-601-3656 or 1-855-633-8798

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 of this release.

Cautionary Note About Forward-looking Information
This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.