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Castillo Copper Ltd Announces $3.5 Million Placement


Tuesday, 27 Aug 2013 08:35pm EDT 

Castillo Copper Ltd announced that it is conducting a $3.5 million capital raising. The Company has signed a Lead Manager and Broker Mandate with CPS Capital Group to place, on a best endeavours basis 350 million shares at 1 cent each to raise $3,500,000, before costs. The capital raising will be subject to shareholder approval at a general meeting of shareholders to be held as soon as practicable. Funds raised will be used to advance the Company‚Äôs copper projects in Chile with drilling programmes planned on two projects., where drill targets have been defined by geology and geophysics for immediate execution. Funds raised will also allow the Company to continue to evaluate new opportunities as they arise. 

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