THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO
TSX
Venture SYMBOL: NSM
October
27, 2009
NORTHERN STAR ANNOUNCES IR CONTRACT WITH RENMARK FINANCIAL
Val d’Or, Quebec, October 27, 2009 – Northern Star Mining
Corp. (TSX-V: NSM) (Northern Star Mining or the “Company”) is
pleased to announce that it has retained the services of Renmark Financial
Communications Inc. to handle its investor relations activities.
“We are pleased to announce that we have selected Renmark to reinforce Northern Star Mining Corporations’ profile in the financial community and enhance the visibility of our project portfolio. We choose Renmark because its standards and methodologies fit best with the message we wish to communicate to the investing public,” noted Michel David, President of Northern Star Mining Corp.
In consideration of the services to be provided, the
Company has agreed to pay a monthly retainer of $7,000 for a one-year contract
to Renmark Financial Communications Inc.
Renmark Financial Communications does not have any
interest, directly or indirectly, in Northern Star Mining Corporation or its
securities, or any right or intent to acquire such an interest.
The Company also announces that
it has arranged a non-brokered private placement of 1,100,000 “flow-through”
common shares at a price of $0.58 per share for gross proceeds of $638,000. The
proceeds of the private placement will be used to fund exploration on the
Company’s mineral resource properties in
A 7% cash commission and 7% agent’s warrants will be paid to Casimir Capital L.P. in connection with the private placement. Each agent’s warrant will entitle the holder to purchase one “non-flow-through” common share at a price of $0.58 for a period of 36 months from closing.
The Company expects to close the financing on or about October 28, 2009.
About Northern Star Mining Corporation:
Northern Star Mining Corporation is an aggressive
exploration company based in Val-d'Or, Quebec, Canada. Northern Star Mining
Corporation's seasoned management team, together with its key consultants, have
been involved with several successful mineral discoveries throughout the world.
ON BEHALF OF THE BOARD
“Jonathan Awde”
Jonathan Awde, Vice-president, Corporate Finance
FOR FURTHER INFORMATION PLEASE CONTACT: Northern Star Mining Corp. TOLL FREE (800) 460-5031 or (819) 825-8088, (FAX) (819) 825-1199 Website: www.nsmgold.com
Or
Renmark Financial Communications
Inc.
Barry Mire: bmire@renmarkfinancial.com
christine stewart: cstewart@renmarkfinancial.com
Montreal – Tel. : 514.939.3989
/ Fax : 514.939.3717
Toronto – Tel. : 416.644.2020 /
Fax : 416.644.2021
www.renmarkfinancial.com
This
press release contains certain “Forward-Looking Statements” within the meaning
of Section 21E of the United States Security Exchange Act of 1934, and involves
a number of risks and uncertainties. Important factors that could cause
actual results to differ materially from the Company’s expectations are disclosed
in the Company’s documents filed from time to time with the TSX Venture
Exchange and the British Columbia Securities Commission. All statements,
other than of historical fact, included herein are forward-looking statements
that involve various risks and uncertainties. There can be no assurance
that such statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such
statements. Neither the 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.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE
CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO