Castillian Completes $1,000,000 Private Placement Financing.TORONTO -- Castillian Resources Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CT) has completed its private placement offering of 4,000,000 Units at $0.25 per Unit for gross proceeds of $1,000,000. Each Unit consists of one common share and one whole common share purchase warrant. Each Warrant entitles the holder to acquire one Common Share, exercisable at a price of $0.34 per share until February 7, 2007. Each of the Common Shares and the shares issued upon the exercise of the Warrants will be subject to a hold period that will expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. on June 9, 2005. The proceeds will be used by the Company for exploration purposes as well as for general corporate purposes. In connection with the financing, Forbes & Manhattan, Inc. was provided with a finder's fee Finder's fee A fee a person or company charges for service as an intermediary in a transaction. finder's fee The charge levied by a person or firm for putting together a deal. of $100,000. THE TSX VENTURE EXCHANGE TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Castillian Resources Corp. (TSX VENTURE:CT) |
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