Further to the Newmac Resources Inc. (TSX-V: NER) “Newmac” news release dated December 21, 2007 the Company has received TSX Venture Exchange approval to the issuance of 180,000 flow-through units, at a price of $0.75 per unit by way of private placement. Each unit consists of one flow-through common share and one half of a non-transferable share purchase warrant to purchase an additional common share at a price of $1.00 per share until December 24, 2008. The company also issued 1,438,331 non flow through units at a price of $0.60 per unit by way of private placement. Each unit consists of one non flow-through common share and one half of a non-transferable share purchase warrant to purchase an additional common share at a price of $0.80 per share until December 24, 2008. These securities issued are subject to a 4 month hold period expiring April 28, 2008. Newmac also payed a finder's fee with regard to this private placement.
ON BEHALF OF THE BOARD
This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Newmac Resources Inc.’s results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof.
THE TSX VENTURE EXCHANGE DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For Further Information Contact David Hjerpe, President at: (604) 461-7211