New Guinea Gold Corp. (TSXV:NGG) announced a non-brokered private placement of 100,000,000 common shares at a price of CAD 0.005 per share for gross proceeds of CAD 500,000 on October 1, 2012. Finder's fees may be payable in connection with the transaction.

On November 26, 2012, the company announced that the transaction is expected to close as soon as possible and is subject to the approval of the TSX Venture Exchange.