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Subject to regulatory acceptance, Newcastle Minerals Ltd. (TSXV:NCM) has negotiated a non-brokered private placement of 10,000,000 units at a price of $0.05 per unit with one investor.
As quoted in the press release:
Each unit consists of one common share and one-half of one warrant. Each full warrant, in turn, entitles the holder to purchase an additional common share at a price of $0.10 for a period of one year from the closing of the offering. The proceeds from the private placement will be used for general working capital.
Click here to read the Newcastle Minerals Ltd. (TSXV:NCM) press release
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