Castle Mountain Mining Company Closes $5,755,750 Financing

Castle Mountain Mining Company Limited (TSXV:CMM) has completed its previously announced public offering of 8,855,000 units including the exercise in full of the over-allotment option, at a price of $0.65 per unit for gross proceeds to Castle Mountain of $5,755,750. The bought deal offering was led by Edgecrest Capital Corporation as well as Canaccord Genuity Corp., Industrial Alliance Securities Inc., and Haywood Securities Inc..

As quoted in the press release:

Each Unit consists of one common share (a “Common Share”) and one half of one Common Share purchase warrant (a “Warrant”) of the Company. Each Warrant will expire twenty four (24) months from the date of issuance and will entitle the holder thereof to purchase one Common Share (a “Warrant Share”) at a price of $1.00 per Warrant Share. The net proceeds of the Offering will be used for Phase 2 drilling at the Castle Mountain property and general corporate purposes.

Click here to read the Castle Mountain Mining Company Limited (TSXV:CMM) press release