Duncastle Gold closes private placement

Duncastle Gold Corp. (TSX VENTURE:DUN)(FRANKFURT:5D3) reported that the company has now fully closed its two previously announced and oversubscribed non-brokered private placements for gross proceeds of $796,654.

The press release is quoted as saying:

The company closed the second tranche of its flow-through private placement by issuing 4,375,000 flow-through shares at a price of C$0.08 per share for gross proceeds of $350,000. The first tranche closing of 250,000 flow-through shares for proceeds of $20,000 was announced on March 22, 2010 (NR-05-10).

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