Castle Mountain Mining (CMM-V) Takeout target and hit's new 52 week high, 69 cents.
Dec 31, '13 - NR
Castle Mountain Mining Company Ltd. has completed its previously announced public offering of 9,091,000 common shares at a price of 55 cents per share for gross proceeds to the company of $5,000,050.
The shares were sold pursuant to an underwriting agreement between the company and a syndicate of underwriters co-led by Cormark Securities Inc., GMP Securities LP and Dundee Securities Ltd., and also including Macquarie Capital Markets Canada Ltd. and MGI Securities Inc. Pursuant to the underwriting agreement, the underwriters have the option to purchase up to an additional 15 per cent of the number of shares sold under the offering at a price of 55 cents per share, on the same terms and conditions as the offering, exercisable at any time, in whole or in part, until the date that is 30 days following the date hereof.
The net proceeds of the offering will be used for the next phase of work at the Castle Mountain property and general corporate purposes. |
