Northern Vertex Announces $7.5 Million Non-Brokered Private Financing

Northern Vertex Announces $7.5 Million Non-Brokered Private Financing PR Newswire VANCOUVER, British Columbia, November 13, 2012 VANCOUVER, British Columbia, November 13, 2012 /PRNewswire/ -- /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ Northern Vertex Mining Corp. (TSX.V:NEE) (the "Company") is pleased to announce a Non-Brokered Private Placement (the "Private Placement") of up to approximately 6 million units (each "Unit") at a purchase price of $1.25 per Unit, for aggregate gross proceeds to the Company of up to $7,500,000. Each Unit will consist of one common share ("Common Share") of the Company and one-half of one transferable share purchase warrant ("Warrant"). Each whole Warrant will entitle the holder to acquire one Common Share at an exercise price of $1.75 for a period of 24 months from the closing date of the Private Placement. The expiry date of the Warrants may be accelerated, at the sole option of the Company, to 30 business days following the date on which the Company gives notice that its common shares have closed for 21 consecutive trading days at a price of $2.00 or greater. In addition, the Company has granted an over-allotment option (the "Option") to sell up to an additional 2 million Units pursuant to the Offering, exercisable at any time prior to 48 hours before the closing of the Offering.