CMM Canabo Medical (delisted)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO THE UNITED STATES.


Castle Mountain Mining Company Limited (TSX VENTURE:CMM) ("Castle Mountain
Mining", "we", "our" or the "Company") is pleased to announce that it has
entered into an agreement with a syndicate of underwriters pursuant to which
they have agreed to purchase, on a bought deal basis, 9,091,000 common shares
(the "Shares") at a price of $0.55 per share for gross proceeds to the
Corporation of approximately $5 million (the "Offering"). The Offering will be
conducted through a syndicate of underwriters co-led by Cormark Securities Inc.,
GMP Securities L.P., and Dundee Securities Ltd., and also including Macquarie
Capital Markets Canada Ltd. and MGI Securities Inc.


In addition, the Corporation has agreed to grant to the underwriters an option
to purchase up to an additional 15% of the number of Shares sold under the
Offering at a price of $0.55 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 closing of the Offering. In the event that the option is
exercised in its entirety, the aggregate gross proceeds of the Offering to
Castle Mountain Mining will be approximately $5.75 million.


The net proceeds of the Offering will be used for Phase 2 exploration at the
Castle Mountain Property and general corporate purposes.


The Common Shares to be issued under the Offering will be offered by way of a
short form prospectus in all of the provinces of Canada, other than the Province
of Quebec.


The Offering is scheduled to close on or about December 30, 2013 and is subject
to certain conditions including, but not limited to, the receipt of all
necessary regulatory and other approvals including the approval of the TSX
Venture Exchange and the securities regulatory authorities.


The securities offered have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state
securities laws, and may not be offered or sold in the United States or to, or
for the account or benefit of, United States persons absent registration or any
applicable exemption from the registration requirements of the U.S. Securities
Act and applicable U.S. state securities laws. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy securities in
the United States, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.


About Castle Mountain Mining Company

Subject to certain obligations, Castle Mountain has 100% of the right, title and
beneficial interest in and to the Castle Mountain Venture, a California general
partnership, which owns the Castle Mountain property in San Bernardino County,
California. The Castle Mountain heap leach gold mine produced over one million
ounces of gold from 1992 to 2001, when mining was suspended due to low gold
prices. 


The Castle Mountain venture land holdings (7,458 acres total) include patented
claims (1,298 acres), and unpatented claims (3,209 acres), covering
approximately 4,507 acres, plus additional leased claims of approximately 2,951
acres. In June 2013 the Company completed the Phase 1 drill program which tested
several exploration targets at various locations on the property. These drill
results were disclosed in press releases dated June 20, 2013 and July 16, 2013.
On November 21, 2013, the Company announced its maiden NI 43-101 mineral
resource estimate. The press releases are available at the Company's website at
www.castlemountainmining.com. Castle Mountain Mining expects to start a Phase 2
program at the property in early 2014, subject to financing. 


Castle Mountain Mining Company Limited, through its wholly owned subsidiaries
including Castle Mountain Venture, is focused on the exploration and, if
warranted, development of deposits in San Bernardino County, California. The
principal gold mineralization identified to date within the Project are below
and surrounding the historically mined pits on the property including the Oro
Belle-Hart Tunnel, Jumbo, and Lesley Anne-Jumbo South Pits, as well as in the
South Domes area. 


CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Forward-Looking Statements: Statements contained in this news release that are
not historical facts are "forward-looking information" or "forward-looking
statements" (collectively, "Forward-Looking Information") within the meaning of
applicable Canadian securities legislation and the United States Private
Securities Litigation Reform Act of 1995. Forward Looking Information includes,
but is not limited to, disclosure regarding possible events, conditions or
financial performance that is based on assumptions about future economic
conditions and courses of action; the timing and costs of future exploration
activities on the Company's properties; success of exploration activities; time
lines for technical reports and further studies; planned exploration and
development of properties and the results thereof; and planned expenditures and
budgets and the execution thereof. Statements concerning Mineral Resource
estimates may also be deemed to constitute forward-looking information to the
extent that they involve estimates of the mineralization that will be
encountered if the property is developed. In certain cases, Forward-Looking
Information can be identified by the use of words and phrases such as "plans",
"expects" or "does not expect", "is expected", budget", "scheduled", "suggest",
"optimize", "estimates", "forecasts", "intends", "anticipates", "potential" or
"does not anticipate", believes", "anomalous" or variations of such words and
phrases or statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved".

In making the forward-looking statements in this news release, the Company has
applied several material assumptions, including, but not limited to, that the
current exploration and other objectives concerning the Castle Mountain Project
can be achieved and that its other corporate activities will proceed as
expected; that the current price and demand for gold will be sustained or will
improve; that general business and economic conditions will not change in a
materially adverse manner and that all necessary governmental approvals for the
planned exploration on the Castle Mountain Project will be obtained in a timely
manner and on acceptable terms; the continuity of the price of gold and other
metals, economic and political conditions and operations. Forward-Looking
Information involves known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or achievements
expressed or implied by the Forward-Looking Information. Such risks and other
factors include, among others, risks related to the availability of financing on
commercially reasonable terms and the expected use of proceeds; operations and
contractual obligations; changes in exploration programs based upon results of
exploration; future prices of metals; availability of third party contractors;
availability of equipment; failure of equipment to operate as anticipated;
accidents, effects of weather and other natural phenomena and other risks
associated with the mineral exploration industry; environmental risks, including
environmental matters under U.S. federal and California rules and regulations;
impact of environmental remediation requirements and the terms of existing and
potential consent decrees on the Company's planned exploration on the Castle
Mountain Project; certainty of mineral title; community relations; delays in
obtaining governmental approvals or financing; fluctuations in mineral prices;

the Company's dependence on one mineral project; the nature of mineral
exploration and mining and the uncertain commercial viability of certain mineral
deposits; the Company's lack of operating revenues; governmental regulations and
the ability to obtain necessary licenses and permits; risks related to mineral
properties being subject to prior unregistered agreements, transfers or claims
and other defects in title; currency fluctuations; changes in environmental laws
and regulations and changes in the application of standards pursuant to existing
laws and regulations which may increase costs of doing business and restrict
operations; risks related to dependence on key personnel; and estimates used in
financial statements proving to be incorrect; as well as those factors discussed
in the Company's public disclosure record. Although the Company has attempted to
identify important factors that could affect the Company and may cause actual
actions, events or results to differ materially from those described in
Forward-Looking Information, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. There can be
no assurance that Forward-Looking Information will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
Forward-Looking Information. Except as required by law, the Company does not
assume any obligation to release publicly any revisions to Forward-Looking
Information contained in this news release to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated events. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Castle Mountain Mining Company
Gordon McCreary
President and CEO
(416) 572-0152
gmccreary@castlemountainmining.com


Castle Mountain Mining Company
Fraser Buchan
VP Corporate Development
(416) 640-1933
fbuchan@83yonge.com
www.castlemountainmining.com

Canabo Medical (delisted) (TSXV:CMM)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Canabo Medical (delisted) (TSXV:CMM)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024