Castle Peak Mining Increases Offering for Non-Brokered Private Placement

Castle Peak Mining Ltd.(TSXV:CAP) announced new and amended terms on its latest non-brokered private placement. The Company has increased the size of offering to 14, 705, 881 units to raise gross proceeds of up to $2.5million.

As quoted in the press release:

The securities issued upon the closing of the Offering will be subject to customary securities legislation hold periods. In addition, the subscription agreements contain lock-up provisions such that the securities issued upon closing of the Offering cannot be traded prior to the date that is six months after closing of the Offering. The Offering is subject to receipt of all necessary approvals including the acceptance of the TSX Venture Exchange (“TSXV”). The Offering is anticipated to close on or before August 3, 2012.

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