August 16, 2013. Newmac Resources Inc. (“Newmac” or the “Company”) (TSX-V: NER) is pleased to announce that the Company proposes to undertake a non-brokered private placement (the “Offering”) of up to 3,500,000 units (the “Units”) at a price of $0.0525 per Unit. Each Unit will be comprised of one (1) common share and one (1) share purchase warrant. Each Warrant shall be exercisable into a common share (a “Warrant Share”) in the capital of the Company at any time up to the close of business on that day that is five (5) years from the date of issuance thereof at a price of $0.10 per Warrant Share. The Offering is subject to the approval of the TSX Venture Exchange. The proceeds raised from the Offering will be used for general working capital.
ON BEHALF OF THE BOARD
“Han Xin (Harrison) Wu”
Han Xin (Harrison) Wu
For further information, please contact:
Contact Name: Andrea Yuan
Telephone Number: (778) 889-4966
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 or accuracy of this news release.