Newcastle Completes First Tranche of Private Placement
July 26 2011 - 4:37PM
Marketwired
Newcastle Minerals Ltd. (TSX VENTURE: NCM) is pleased to announce
that it has closed the first tranche of its previously-announced
non-brokered private placement as to 4,300,000 flow-through shares
at a price of $0.06 per share and 4,600,000 non-flow-through units
at a price of $0.06 per unit.
Each non-flow-through unit consists of one common share and one
warrant. Each warrant, in turn, entitles the holder to purchase an
additional common share at a price of $0.10 until July 24, 2013.
The shares and units are subject to a hold period expiring November
26, 2011.
Newcastle expects to complete the balance of the offering by
August 9, 2011.
Newcastle Minerals Ltd. is a Canadian gold and base metal
exploration company trading on the TSX Venture Exchange (TSX
VENTURE: NCM). The company is advancing its three key properties:
its 120-hectare Carscallen Property in the West Timmins area of
Ontario, its 11,100-hectare Pickle Lake Property in northwestern
Ontario and its 6,600-hectare property located in the Swayze
greenstone belt of Ontario near Trelawney Mining and Exploration
Inc.'s Chester Project.
ON BEHALF OF THE BOARD
Michael Romanik, President
Neither 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 release.
Contacts: Newcastle Minerals Ltd. Michael Romanik President
(204) 724-0613 info@newcastleminerals.com
www.newcastleminerals.com
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