Thursday 27th October 2016

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Castle announces $10M Private Placement

CRI:CA announced a brokered private placement led by Scotia Capital Inc., including D & D Securities Inc., in which the Agents will raise up to $10,000,000 on a reasonable commercial efforts basis.The net proceeds from the sale of the securities will be used for exploration and development of the Granduc Copper property, near Stewart, British Columbia, exploration and development of the Elmtree Gold property in New Brunswick, and for general working capital purposes.

President/CEO Mike Sylvestre told, “The private placement was executed in order for us to get in there and drill the Granduc mine. Our expectations are high that we’ll go a long way this summer to prove out the 36 million tons that we believe are there.”
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Mike Sylvestre,

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