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Last C$0.0050 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 12:51 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

nwm mining corp (NWM) Snapshot

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52 Week High
09/4/14 - C$0.01
52 Week Low
09/5/14 - C$0.0050
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nwm mining corp (NWM) Details

NWM Mining Corporation, through its subsidiaries, engages in the acquisition, exploration, and development of mineral properties located in Mexico. The company primarily explores for gold, silver, and copper deposits. It principally holds a 100% interest in the Lluvia de Oro/La Jojoba gold project covering an area of approximately 5,074.52 hectares located in Sonora, Mexico. The company was formerly known as Columbia Metals Corporation Limited and changed its name to NWM Mining Corporation in June 2008. NWM Mining Corporation was incorporated in 1949 and is based in Toronto, Canada.

Founded in 1949

nwm mining corp (NWM) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$180.0K
Chief Financial Officer
Total Annual Compensation: C$96.0K
Compensation as of Fiscal Year 2014.

nwm mining corp (NWM) Key Developments

NWM Mining Corporation Appoints Mcclurkin Ahier & Company LLP as Auditor

NWM Mining Corporation at its Annual General and Special Meeting held on July 15, 2015, the shareholders approved the appointment of McClurkin Ahier & Company LLP as auditor for the subsequent year and the authorization for the directors of the company to fix their remuneration.

NWM Mining Corporation, Annual General Meeting, Jul 15, 2015

NWM Mining Corporation, Annual General Meeting, Jul 15, 2015., at 14:00 US Eastern Standard Time. Location: Main Boardroom at Minden Gross LLP. Agenda: To receive the corporation's audited consolidated financial statements for the years ended December 31, 2013 and 2014 together with the auditors' report thereon; to elect directors of the corporation for the upcoming year; to appoint the auditors of the corporation for the upcoming year and authorize the directors to fix their remuneration; to consider and, if deemed appropriate, to pass with or without variation, a resolution ratifying and confirming the corporation's incentive stock option plan, as amended; to consider and, if deemed appropriate, to approve a plan of arrangement pursuant to Section 182 of the Business Corporations Act (Ontario), as amended; and to transact such further or other business as may properly come before the meeting or any adjournments or postponements thereof.

NWM Mining Corporation Announces Further Debt Extension to December 31, 2014

NWM Mining Corporation announced that it has extended the due date of the current debt outstanding from September 30, 2014 to December 31, 2014. The extension provides further time for the company to continue its refinancing efforts. Global Resource Fund has agreed to continue to temporarily defer and accrue monthly interest payments. Additionally, Global Resource Fund has provided an additional $1,950,000 demand loan to cover several one-time payments required which will be repaid once delayed tax receivables from the Mexican tax authorities have been received. The demand loan carries an interest rate of 15%. While the company is undertaking all efforts to successfully conclude a refinancing, there is no certainty that this will occur, and, if the company fails to secure additional capital or otherwise restructure its business, in order to address its cash requirements, it may not have adequate liquidity to fund its operations and meet its obligations.


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