TORONTO, Aug. 23 /PRNewswire-FirstCall/ -- Northwestern Mineral Ventures Inc. (TSX-V: NWT; OTCBB: NWTMF) announces that it yesterday received shareholder approval to complete a stock split effective as of August 22, 2005, pursuant to which each issued common share of Northwestern will be subdivided into two common shares. It is expected that the greater number of outstanding new common shares resulting from the stock split (the "New Shares") will provide a wider opportunity for investors to become shareholders of Northwestern and increase liquidity in Northwestern's listed securities.
Northwestern's name and trading symbol will not change as a result of the stock split. Completion of the stock split remains subject to TSXV approval. The timing of the stock split will be announced once TSXV approval has been obtained.
Northwestern currently has 38,427,167 common shares issued and outstanding and will have 76,854,334 common shares issued and outstanding upon completion of the stock split.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
This news release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.
