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| Home : New Millennium Iron Corp. Announces Further Cash Call from TSMC |
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Jun 13
2015 |
New Millennium Iron Corp. Announces Further Cash Call from TSMC |
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CALGARY, ALBERTA--(Marketwired - June 12, 2015) - New Millennium Iron Corp. ("NML" or the "Company") (TSX:NML) (OTCQX:NWLNF) announced today that it has received a further equity cash call, approved by the Board of Tata Minerals Steel Canada Ltd. ("TSMC"), to fund certain capital expenses for the DSO and Howse projects ("Projects") operated by TSMC totaling $60.9 million. Together with the cash call previously announced by NML (please see news release NR 15-04 dated April 10, 2015), the cash calls to date total approximately $83.9 million and cannot be funded in view of the Company's limited internal cash resources and financing sources available. |
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| Source:http://www.marketwired.com/mw/release.do?id=2029330&sourceType=3 |
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