New Era Minerals announces $928K private placement

News Release

March 14, 2018 TSXV: NEM
NEW ERA MINERALS ARRANGES PRIVATE PLACEMENT

URUMQI, XINJIANG, PEOPLE’S REPUBLIC OF CHINA – New Era Minerals Inc. (the “Company”) advises that it has arranged a non-brokered private placement (the “Private Placement”) involving the sale of 11,597,699 common shares of the Company (the “Shares”) to a private investor at a subscription price of CAD$0.08 per Share for gross proceeds of CAD$927,816. Proceeds of the Private Placement are to be used for the Suyeke North property in Xinjiang Province (including to conduct test work on the project and towards the extension of the prospecting rights for the property) as well as for general corporate and working capital requirements. The Private Placement is subject to receipt of regulatory approval.

About New Era Minerals Inc.
关于新纪元矿业公司

New Era Minerals Inc., through its wholly-owned subsidiary, Haijin International Group Limited, owns 95% of Yongkun. Yongkun’s principal activities are the exploration, evaluation and development of mineral property interests in the PRC, including Yongkun’s 100%-owned Suyekebei (Suyeke North) nickel property located in Tuoli County, Tacheng Area, Xinjiang-Uyghur Autonomous Region, PRC.

On behalf of the Board of Directors of

NEW ERA MINERALS INC.
Sun Tian Xiang
Chairman and Chief Executive Officer

For further information, please contact:
Vicky Gao
gaoweishan@nemnemnem.com

Neither 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 release.

photo credit: New Era Minerals

About the Author: CPE Media News - GoldSilverMetals

GoldSilverMetals.ca, a service of CPE Media Inc., is an exclusive news and information provider on Canadian and international gold, silver and other precious and base metal companies.