Castlebar Capital Corp. Announces Closing of Non-Brokered Private Placement

Executive Summary

• Castlebar Capital Corp. closed a non‑brokered private placement of 1,500,000 common shares at $0.10 per share, raising gross proceeds of $150,000.
• The net proceeds will be used for general working capital; no funds are being paid to non‑arm’s‑length parties.
• Post‑offering, the company has a total of 5,349,908 common shares issued and outstanding.

Key Details

• Placement Size: 1,500,000 common shares.
• Price per Share: $0.10 CAD.
• Gross Proceeds: $150,000 CAD.
• Net Use of Proceeds: General working capital purposes.
• Hold Period: All issued shares are subject to a four‑month hold period under Canadian securities legislation and TSXV policies.
• Fees: No commission or finder's fees were paid; the offering did not create a control person.
• Share Count After Offering: 5,349,908 common shares issued and outstanding.
• Compliance Statements: No proceeds will be used for payments to non‑arm’s‑length parties; the offering complies with TSXV Policy 1.1 – Interpretation.

Notable Quotes

(No executive quotes were included in the release.)