-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QBZnb5eyl1uagqqGM+Y0jCxsaaWGC28M0ZN+UjmnCc3XIwVaPtubWps43ph87OHb r+NEUvO0ULTf6oKkT9fygg== 0001097630-02-000025.txt : 20020528 0001097630-02-000025.hdr.sgml : 20020527 20020528162808 ACCESSION NUMBER: 0001097630-02-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020524 ITEM INFORMATION: Other events FILED AS OF DATE: 20020528 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEW JERSEY MINING CO CENTRAL INDEX KEY: 0001030192 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 820490295 STATE OF INCORPORATION: ID FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28837 FILM NUMBER: 02663646 BUSINESS ADDRESS: STREET 1: 89 APPLEBERG RD STREET 2: PO BOX 1019 CITY: KELLOGG STATE: ID ZIP: 83837 BUSINESS PHONE: 2087833331 MAIL ADDRESS: STREET 1: 89 APPLEBERG ROAD STREET 2: PO BOX 1019 CITY: KELLOGG STATE: ID ZIP: 83837 8-K 1 nj8k502.txt 8 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Earliest Event Reported: May 24, 2002 NEW JERSEY MINING COMPANY - -------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Idaho 000-28837 82-0490295 - --------------------------------------------------------------------------- (State or other jurisdiction of (Commission File Number) (IRS Employer incorporation or organization) Identification No.) P.O. Box 1019 (Street: 89 Appleberg Road) Kellogg, Idaho 83837 - ------------------------------------------- ----------- (Address of principal executive offices) (Zip Code) (208)783-3331 - --------------------------- Issuer's telephone number N/A ---------------------------------------------------------------------- (Former name, former address, and formal fiscal year, if changed since last report) ITEM 5. OTHER EVENTS (a) New Jersey Mining has closed a private placement of 1.7 million units for $0.15 per unit. Each unit consists of a share of common stock plus a warrant for the purchase of one share of common stock at $0.25. The warrant expires on May 1, 2004, 5:00 pm PST. The offering was brokered by Pennaluna & Co. for a commission of 10%. Net proceeds to the Company are $229,500. The offering was made pursuant to Rule 506 of Regulation D of the Securities Act of 1933, as amended. (b) Exhibits. EX-99 Press Release SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Dated: May 28, 2002 NEW JERSEY MINING COMPANY By: /s/ Fred W. Brackebusch ---------------------------- Name: Fred W. Brackebusch Title: President EX-99 PRESS RELEASE New Jersey Mining Company P.O. BOX 1019 KELLOGG, ID 83837 (208) 783-3331 [PHONE OR FAX] May 28, 2002 PRESS RELEASE New Jersey Mining Co. Completes Private Placement Kellogg, Idaho. New Jersey Mining Company (Symbol: NJMC - OTC Bulletin Board) is pleased to announce the closing of a private placement for 1.7 million units at $0.15. Each unit consists of one share of common stock plus one warrant for the purchase of one share at $0.25. The warrants expire on May 1, 2004. The offering was brokered by Pennaluna & Co. for a commission of 10%. Net proceeds, after commissions, are $229,500 which will be used for the previously announced exploration program, working capital and construction at the New Jersey mill. Plans call for exploratory drilling at the New Jersey mine, the Lost Eagle Project and the Silver Strand mine. Drilling commences this week at the New Jersey mine with the first target testing the vertical continuity of a high grade branch vein of the Coleman vein system. Drilling at the Lost Eagle and Silver Strand is planned for late summer or early fall depending on the receipt of permits. Proceeds will also go towards the completion of the leaching circuit component of the New Jersey Mill CIP expansion. However, additional funds of about $150,000 will be required to complete the fully permitted CIP expansion. New Jersey Mining Company is involved in exploring for and developing gold, silver and base metal ore resources in the Coeur d'Alene Mining District of northern Idaho. The Company has a portfolio of five mineral properties in the Coeur d'Alene Mining District: the New Jersey mine, the Silver Strand mine, the Lost Eagle project, the CAMP project and the Wisconsin-Teddy project. Contact: Grant Brackebusch (208) 783-1032 E-mail: minesystems@usamedia.tv Website: www.newjerseymining.com Disclaimer: This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not even be anticipated. -----END PRIVACY-ENHANCED MESSAGE-----