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TORONTO, ONTARIO--(Marketwired - Nov. 20, 2015) - Castle Resources Inc. (CSE:CRI) ("Castle" or the "Company") is pleased to announce that effective November 19, 2015 it has closed a non-brokered private placement financing (the "Offering") for total gross proceeds of $100,000 as previously announced in its press release dated November 18, 2015 (the "November 18 Press Release"). The Offering consisted of the issuance of 100 units (the "Units"), with each Unit consisting of (i) one (1) $1,000 unsecured convertible debenture bearing interest at a rate of 10% per annum (the "Debentures"), and (ii) 20,000 detachable common share purchase warrants. The proceeds of the Offering will be used for general working capital. |
