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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2011) - Catalina Metals Corp. (TSX VENTURE:CTX.H) ("Catalina" or the "Company") reports that it has closed on a previously announced (February 11, 2011) non-brokered private placement of 6,250,000 units at a price of $0.08 per unit. A unit consists of one common share and one share purchase warrant. Each share purchase warrant is exercisable into one further common share at a price of $0.10 for a period of one year expiring February 16, 2012. The shares and any shares acquired on exercise of the warrants are subject to restrictions on resale to June 17, 2011. The Company issued 318,850 units, having the same terms as the units issued under the private placement, as a finder's fee to Leede Financial Markets Inc. |
