31 December 2014
December 31, 2014
Vancouver, BC - North American Tungsten Corporation Ltd. (TSX.V: NTC) ("NTC" or the "Company") announces an amendment to the $11.0 million loan (the "Callidus Loan") with Callidus Capital Corporation ("Callidus") dated May 15, 2014. The amendment includes additional proceeds of $3.65 million and an extension of the repayment date for the loan balance to May 31, 2016. The Callidus Loan remains repayable on demand and bears interest at 18% per annum with interest payable monthly. Principal repayments of $150,000 per month will continue, with the remaining balance due at maturity. The Callidus Loan is secured by a first charge over substantially all assets of the Company, excluding the Mactung Project and all mining and mineral leases, claims and tenures related thereto.