Duncastle Closes Second Tranche of Private Placement
July 25 2011 - 7:29PM
Marketwired
Duncastle Gold Corp. (TSX VENTURE: DUN)(FRANKFURT: 5D3) is pleased
to announce that it has closed the second tranche of its previously
announced non-brokered unit private placement by issuing 900,000
units at a price of $0.05 per unit to raise $45,000. Each unit
consists of one common share and one share purchase warrant, with
each share purchase warrant exercisable to purchase one additional
common share at an exercise price of $0.10 per share for a period
of two years.
Securities issued pursuant to this tranche of the private
placement, including common shares, share purchase warrants and
finder's warrants issued as finder's fees, carry a legend
restricting trading of the securities until November 26, 2011. The
private placement and finder's fees are subject to regulatory
approval. Proceeds from the private placement will be used for
general working capital.
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