BRIEF-Newcastle Gold reports $12 mln bought deal offering of common shares

Wed Oct 12, 2016 8:12am EDT
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Oct 12 (Reuters) - Newcastle Gold Ltd :

* Newcastle Gold Ltd- Newcastle plans to use net proceeds of offering to fund exploration and development at its Castle Mountain project

* Newcastle Gold Ltd - underwriters agreed to purchase, on a bought deal basis, 15 million common shares of newcastle at a price of $0.82 per common share Source text for Eikon: Further company coverage: