More information Newcastle announces private placementJan 07,2011Newcastle Minerals Ltd. (TSXV:NCM) is pleased to announce that it has negotiated, subject to regulatory acceptance, a non-brokered private placement of 1,250,000 units at a price of
.08 per unit. Each unit consists of one common share and one-half of one warrant. Each full warrant, in turn, entitles the holder to purchase an additional common share at a price of
.12 for a period of one year from the closing of the offering. Aumerco Limited, a wholly owned subsidiary of Augen Capital Corp., is the sole subscriber. Based in Toronto, Ontario, Augen Capital Corp. is a merchant bank specializing in the financing of, and investment in, resource companies and projects. Augen’s principals and advisors have many years of collective experience and expertise in capital market transactions, as well as identifying properties with substantial mineralization. Augen has an outstanding track record in sourcing, structuring and executing merchant banking investments in the natural resource field. In addition, Augen acts as a consultant to issuers of mineral resource tax-advantaged flow-through partnerships in Canada. Augen Capital Corp. owns 11% of Augen Gold Corp. The proceeds from the private placement will be used for general working capital. Newcastle will pay a cash finder’s fee of 8% of the subscription proceeds in respect of the offering. Newcastle Minerals Ltd. is a Canadian gold and base metal exploration company trading on the TSX Venture Exchange (TSX Venture: NCM). The company is advancing its three key properties: its 120-hectare Carscallen Property in the West Timmins area of Ontario, its 11,100-hectare Pickle Lake Property in northwestern Ontario and its 6,600-hectare property located in the Swayze greenstone belt of Ontario near Trelawney Mining and Exploration Inc.'s Chester Project. ON BEHALF OF THE BOARD Michael Romanik, President
I'm just saying....Augen Gold was interested in NewCastle, and Trelawney bought out Augen in turn claiming the Newcastle Shares, and now has bought even more NCM very recently...Is the fate of NCM going to be the same as GLD?
Good luck to all,
x