Duncastle Closes First Tranche of Flow-Through Private Placement
June 09 2011 - 2:28PM
Marketwired
Duncastle Gold Corp. (TSX VENTURE: DUN)(FRANKFURT: 5D3) is pleased
to announce that it has closed the first tranche of its previously
announced non-brokered flow-through private placement by issuing
10,000,000 units ("Flow-Through Units") for gross proceeds of
$600,000. Each Flow-Through Unit consists of one flow-through
common share and one-half share purchase warrant, with each whole
share purchase warrant exercisable to purchase one non-flow-through
common share at an exercise price of $0.10 per share for a period
of two years.
Proceeds from the private placement will fund drilling and field
work at the Porphyry Creek project in British Columbia. All
securities issued pursuant to this tranche of the private
placement, including common shares, share purchase warrants and
finder's options issued as finder's fees, carry a legend
restricting trading of the securities until October 9, 2011. The
private placement and finder's fees are subject to regulatory
approval.
On behalf of the Board of Directors,
Michael Rowley, President, Director, Duncastle Gold Corp.
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: Duncastle Gold Corp. Michael Rowley 1.888.456.1112 or
604.641.2742 mrowley@mnxltd.com Duncastle Gold Corp. Liana
Shahinian 1.888.456.1112 or 604.641.2773 liana@mnxltd.com
www.duncastlegoldcorp.com