Newcastle Minerals Ltd
SymbolNCM
Shares Issued40,447,690
Close 2009-09-11C$ 0.09
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Newcastle Minerals arranges $415,000 private placement

2009-09-11 16:30 ET - News Release

Mr. Michael Romanik reports

NEWCASTLE ANNOUNCES PRIVATE PLACEMENT

Newcastle Minerals Ltd. has negotiated, subject to regulatory approval, a non-brokered private placement consisting of up to one million flow-through units at a price of 10 cents per unit and 3.5 million non-flow-through units at a price of nine cents per unit to qualified investors.

Each flow-through unit will consist of one flow-through common share and one-half of one warrant. Each full warrant will, in turn, entitle the holder to purchase an additional non-flow-through common share at a price of 15 cents per share for a period of two years from the closing of the offering.

Each non-flow-through unit will consist of one non-flow-through common share and one warrant. Each warrant will, in turn, entitle the holder to purchase an additional non-flow-through common share at a price of 12 cents per share for a period of two years from the closing of the offering.

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