Northern Canadian erhält Finanzierung im Wert von $3,5 Mio. Es wurden 7 Mio Aktien zu einem Preis von 0,50$ pro Aktie ausgegeben, wodurch man insgesamt einen Bruttoerlös von $3.500.000 erzielte.
NORTHERN CANADIAN MINERALS INC.
FOR IMMEDIATE RELEASE
Thursday, April 6, 2006
(No.2006-04-11)
Contact:
Investor Relations
Phone (604) 684-2181
info@northerncanadian.ca
Northern Canadian Increases Financing to up to 7 Million Units
Vancouver, British Columbia – April 6, 2006 – Northern Canadian Minerals Inc. (TSX Venture Exchange: NCA; Frankfurt Stock Exchange: N4I; OTC BB: NCADF) (“Northern Canadian” or the “Company”) is pleased to announce that, due to high demand, the number of units offered in its previously announced non-brokered private placement on April 4, 2006 is increased from 5,000,000 units to up to 7,000,000 units. The units consist of one common share and one-half share purchase warrant at $0.50 per unit. Each whole share purchase warrant will entitle the holder, on exercise, to purchase one additional common share of the Company at a price of $0.65 per share at any time until the close of business on the day which is one year from the date of issue of the warrant.
A finder’s fee of 7% will be paid on a portion of the private placement.
Northern Canadian Minerals Inc. (NCA)
Northern Canadian Minerals is a Canadian public company focused on the acquisition, exploration and development of uranium properties world wide. The Company’s exploration programs are headed by Keith Laskowski (Vice President-Exploration), a geologist with over 28 years of exploration experience. Keith Laskowski is the Company’s Qualified Person on its exploration projects. Northern Canadian is also exploring its flagship property, the CBE Project, located 8 km along trend from the Eagle Point uranium mine on the eastern margin of the Athabasca Basin in Saskatchewan. The Company has the following uranium properties in its portfolio: two located on the north side of the Athabasca Basin, three in southwest Nevada, three in Wyoming and one in South Dakota. The Company is also evaluating additional property acquisition opportunities in North America and overseas.
ON BEHALF OF THE BOARD OF DIRECTORS
“ Praveen K. Varshney ”
Praveen K. Varshney, President
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