By Sheri Kasprzak
Atlanta, Feb. 9 - Castillian Resources Corp. said it has wrapped a private placement of units for C$1 million.
The company sold 4 million units at C$0.25 each. The units are comprised of one share and one warrant.
The warrants allow for an additional share at C$0.34 each through Feb. 7, 2007.
Based in Toronto, Castillian is a mineral and precious metals exploration and development company. The proceeds will be used for exploration and general corporate purposes.
| Issuer: | Castillian Resources Corp.
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| Issue: | Units of one share and one warrant
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| Amount: | C$1 million
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| Units: | 4 million
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| Price: | C$0.25
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| Warrants: | One warrant per unit
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| Warrant expiration: | Feb. 7, 2007
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| Warrant strike price: | C$0.34
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| Settlement date: | Feb. 9
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| Stock price: | C$0.47 at close Feb. 8
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