Newcastle Announces Private Placement
December 10 2010 - 3:15PM
Marketwired
Newcastle Minerals Ltd. (TSX VENTURE: NCM) is pleased to announce
that it has negotiated, subject to regulatory acceptance, a
non-brokered private placement of up to 3,000,000 flow-through
shares at a price of $0.10 per share to qualified investors.
The proceeds from the private placement will be used for
exploration of the Company's Carscallen project in West Timmins,
Ontario, while it awaits assay results from the drill program on
its Pickle Lake project.
Newcastle will pay a cash finder's fee of up to 8% of the
subscription proceeds in respect of the offering.
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
Direct line: (204) 724-0613 info@newcastleminerals.com
www.newcastleminerals.com
Goldon Resources Ltd. (TSXV:NCM)
Historical Stock Chart
From Jul 2024 to Jul 2024
Goldon Resources Ltd. (TSXV:NCM)
Historical Stock Chart
From Jul 2023 to Jul 2024