Mr. Michael Romanik reports
NEWCASTLE CLOSES PRIVATE PLACEMENT
Newcastle Minerals Ltd. has closed its previously announced non-brokered private placement of 5,995,000 flow-through shares at a price of nine cents per share.
In addition to a finder's fee of $48,559, the company will issue non-transferable broker warrants exercisable for up to 539,550 non-flow-through common shares of the company at a price of nine cents per share until March 16, 2012.