March 23, 2017, Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V: NEE) (the “Company” or “Northern Vertex”) announces the completion of the warrant exercise incentive program (the "Program") announced February 17, 2017. A total of 10,713,608 outstanding unlisted warrants were exercised under the Program raising gross proceeds of $5,000,054.
Kenneth Berry, President and CEO, stated “We are pleased that existing warrant holders participated in the early exercise incentive program. It is a further endorsement for the ongoing development plans and construction underway at the Company’s Moss Mine gold-silver project in Arizona.”
Pursuant to the Program, the Company has issued an aggregate of 5,356,804 common share purchase warrants (the "Incentive Warrants") to the warrant holders who exercised their Warrants under the Program. Each Incentive Warrant entitles the holder to purchase one additional common share of Northern Vertex at a price of $1.00 per common share until March 24, 2021. The Incentive Warrants are subject to a four month hold period which expires on July 24, 2017.
The balance of the Warrants not exercised under the Program remain outstanding and continue to be exercisable for common shares of the Company on their current terms.
The Incentive Warrants to be issued pursuant to the exercise of the Warrants 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 within the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S promulgated under the U.S. Securities Act) unless registered under the U.S. Securities Act and any applicable state securities laws or an exemption therefrom is available.
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 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.
ON BEHALF OF THE BOARD OF NORTHERN VERTEX
"Kenneth Berry "
President & CEO
For further information, please visit www.northernvertex.com
or contact Investor Relations at: 604-601-3656 or at 1-855-633-8798.