This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item: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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