Peloton Minerals Corp.: Closes Private Placement Financing
London, Ontario - Aug. 5, 2016 - Peloton Minerals Corp. ("Peloton" or the "Company") (CSE Symbol: PMC) has closed a non-brokered private placement financing totaling $329,275.16 and consisting of 5,986,821 units priced at $0.055 per unit. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.10. Proceeds from the private placement will be used for general working capital and administrative expenses. The securities issued in connection with the private placement are subject to a four month hold period expiring December 6, 2016.
Edward (Ted) Ellwood, MBA
President & CEO
1-519-964-2836
Peloton Minerals Corp. is a reporting issuer in good standing in the Province of Ontario whose common shares are listed on CSE (Symbol: PMC). There are 56,951,585 common shares issued and outstanding in the capital of the Company including the issuance described in this release.
Peloton owns a 100% working interest in three gold exploration projects located in the US states of Nevada and Montana and in the Province of Ontario, Canada.
CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Copyright (c) 2016 TheNewswire - All rights reserved.