New Era Minerals announces that it has arranged a non-brokered private placement involving the sale to Lin Guang Ju, a director of the Company, of approximately 10,500,000 common shares of the Company in two tranches. The first tranche of the Private Placement will consist of 5,250,000 common shares of the Company at a subscription price of $0.20 per share for gross proceeds of 5,000,000 RMB which is expected to close
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