North American Tungsten Corp. Ltd. announced the company has extended its CAD 12,000,000 working capital loan facility with HSBC Bank Canada until December 31, 2013. A USD 12,000,000 letter of credit backing the loan is sponsored by two directors of the company and has been extended for the same period.

The sponsors and the Bank have similarly extended a 'Put' agreement that allows the Bank to exchange the outstanding balance under the loan with the Sponsors for up to the USD 12,000,000 L/C.