Duncastle Closes Oversubscribed Flow-Through Private Placement
August 21 2009 - 10:46AM
Marketwired
Duncastle Gold Corp. (TSX VENTURE: DUN)(FRANKFURT: 5D3) reported
that it has now closed its previously announced (August 6/09)
non-brokered flow-through unit private placement. The private
placement was oversubscribed and consisted of 3.7 million units at
a price of C$0.11 per unit for gross proceeds of C$407,000. Each
unit issued was comprised of one flow-through common share and
one-half share purchase warrant, with each whole warrant
exercisable to purchase one additional non flow-through common
share at an exercise price of C$0.15 per share for a period of two
years.
All securities issued pursuant to this 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 December 22, 2009. The private
placement and finder's fees are subject to regulatory approval.
On behalf of the Board of Directors,
Lawrence Page, Q.C., 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. Jay Oness 1.888.456.1112 or
604.641.2771 corpdev@mnxltd.com www.duncastlegoldcorp.com
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