New Guinea Gold Corp
			Symbol			NGG
			Shares Issued			156,242,480
			Close 2009-10-27			C$ 0.12
			Recent Sedar Documents

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New Guinea Gold arranges $5-million financing

2009-10-28 12:11 ET - News Release

Mr. R.D. McNeil reports

NEW GUINEA GOLD CORPORATION ANNOUNCES $5,000,000 PRIVATE PLACEMENT FINANCING

New Guinea Gold Corp. proposes to complete a non-brokered private placement pursuant to which it will issue up to 41,666,666 common shares at a price of 12 cents per share to raise aggregate gross proceeds of up to approximately $5-million.

In connection with the offering, NGG has agreed to pay a cash finder's fee to qualified persons assisting in the offering in an amount equal to 7 per cent of the gross proceeds raised by such finders. The net proceeds of the financing will be used for further exploration, development and other work on the corporation's Weioko and Sinivit properties, and for general corporate purposes.

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