Duncastle Oversubscribes Private Placement
19 October 2010 - 3:58AM
Marketwired
Duncastle Gold Corp. (TSX VENTURE: DUN)(FRANKFURT: 5D3) reported
today that the non-flow-through unit financing announced September
14, 2010 has been oversubscribed, and the company will now issue a
total of 8 million common shares and 4 million share purchase
warrants which are exercisable to purchase 4 million common shares
for a period of two years from the date of closing at a price of
$0.10 per common share purchased.
Gross proceeds from the financing are $400,000. The company
expects to close shortly its previously announced flow through unit
financing to raise gross proceeds of up to $490,000.
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
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