Castle Mountain Announces Appointment of Investor Relations Consultants
November 29 2013 - 3:37PM
Marketwired
Castle Mountain Announces Appointment of Investor Relations
Consultants
TORONTO, ONTARIO--(Marketwired - Nov 29, 2013) - Castle Mountain
Mining Company Limited (TSX-VENTURE:CMM) ("Castle Mountain Mining",
"we", "our" or the "Company") announces that further to its press
release dated August 16, 2013, the Company retained Proconsul
Capital Ltd. ("Proconsul"), a Company founded by Andreas Curkovic,
to provide investor relations services. Proconsul is located in
Toronto and specializes in investor relations services.
In consideration of the services to be provided by Proconsul,
the Company has agreed to pay a monthly retainer of $5,000, plus
reimbursement of approved expenses. Proconsul has been engaged on a
month to month basis, subject to termination by either party on 30
days notice.
In addition, as previously disclosed on August 16, 2013, the
Company granted Proconsul stock options to purchase up to 50,000
common shares for 5 years at a price of $0.35 per share, under the
Company's stock option plan. The options are subject to vesting
provisions whereby 25% vest after every three months. The options
will expire 30 days after termination, for any reason, of the
agreement with Proconsul.
Other than the options, Proconsul does not have any interest,
directly or indirectly, in the Company or its securities.
About Castle Mountain Mining Company
Subject to certain obligations, Castle Mountain has 100% of the
right, title and beneficial interest in and to the Castle Mountain
Venture, a California general partnership, which owns the Castle
Mountain property in San Bernardino County, California. The Castle
Mountain heap leach gold mine produced over one million ounces of
gold from 1992 to 2001, when mining was suspended due to low gold
prices.
The Castle Mountain venture land holdings (7,458 acres total)
include patented claims (1,298 acres), and unpatented claims (3,209
acres), covering approximately 4,507 acres, plus additional leased
claims of approximately 2,951 acres. In June 2013 the Company
completed the Phase 1 drill program which tested several
exploration targets at various locations on the property. These
drill results were disclosed in press releases dated June 20, 2013
and July 16, 2013. On November 21, 2013, the Company announced its
maiden NI 43-101 mineral resource estimate. The press releases are
available at the Company's website at www.castlemountainmining.com.
Castle Mountain Mining expects to start a Phase 2 program at the
property in early 2014, subject to financing.
Castle Mountain Mining Company Limited, through its wholly owned
subsidiaries including Castle Mountain Venture, is focused on the
exploration and, if warranted, development of deposits in San
Bernardino County, California. The principal gold mineralization
identified to date within the Project are below and surrounding the
historically mined pits on the property including the Oro
Belle-Hart Tunnel, Jumbo, and Lesley Anne-Jumbo South Pits, as well
as in the South Domes area.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Castle Mountain Mining Company LimitedGordon McCrearyPresident
and CEO(416) 572-0152gmccreary@castlemountainmining.comCastle
Mountain Mining Company LimitedFraser BuchanVP Corporate
Development(416)
640-1933fbuchan@83yonge.comwww.castlemountainmining.com
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