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     801  0 Kommentare Northern Vertex Chairman Re-Appointed as President and CEO to Spearhead Development of Moss Gold-Silver Project to Commercial Production - Seite 3

    Northern Vertex has contracted M3 Engineering & Technology Corp. of Tucson, Arizona, as the Engineering, Procurement and Construction Management ("EPCM") provider for the Company's Moss Mine Project. M3 will be responsible for the detailed design, procurement of the necessary equipment and supplies and managing the construction of all processing and auxiliary surface facilities required to support the planned 5,000 tonnes per day, open pit, heap leach, gold and silver mine as outlined in the Company's Feasibility Study released last year (see news release dated June 8th, 2015).

    Additionally, the Company announces that it has obtained TSX Venture Exchange approval to extend the closing date on its non-brokered convertible debenture private placement (the "Private Placement") up to October 31, 2016 from October 2, 2016. Please see the Company's news release dated May 25, 2016 and August 25, 2016 for further information on the Private Placement. The Company closed $7,225,000 of the Private Placement as announced on July 15, 2016, with the second tranche expected to close by October 31, 2016. The proceeds from the Debenture issuance will be used for the advancement of the Company's Moss Mine Gold-Silver property located in Mohave County, NW Arizona, USA and general corporate purposes.

    The Private Placement remains subject to certain conditions including, but not limited to, regulatory approval and the acceptance of the TSX Venture Exchange.

    The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of, or a solicitation of an offer to buy, securities in the United States.

    About Northern Vertex: Northern Vertex Mining Corp. is an exploration and mining company focused on the reactivation of its 100% owned Moss Mine Gold/Silver Project located in NW Arizona, USA. The Moss Mine Gold-Silver Project is an epithermal, brecciated, 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 370 meters vertically. It is a potential heap leach, open pit project that has been advanced to the Feasibility Study stage to ensure that technical, economic, permitting and funding requirements are met prior to proceeding with the development of the mine. 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.

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    Verfasst von Marketwired
    Northern Vertex Chairman Re-Appointed as President and CEO to Spearhead Development of Moss Gold-Silver Project to Commercial Production - Seite 3 VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 1, 2016) - Northern Vertex Mining Corp. (TSX VENTURE:NEE) (the "Company") announces that effective immediately, Ken Berry, B.Comm, has been re-appointed as the Company's President and Chief Executive …