PARIS, France, April 20, 2015 /CNW Telbec/ - Castle Peak Mining Ltd. (TSX-V: CAP) – Candel & Partners SAS ("Candel"), 4 Avenue Hoche, 75008, Paris, France, acquired on April 7, 2015 an additional 2,650,000 common shares (the "Common Shares") of Castle Peak Mining Ltd. (the "Company") in the over-the-counter market in Austria at a price of $0.02 per Common Share. An amended early warning report in respect of the above noted transactions will be filed on SEDAR.
As a result of the acquisition of such additional 2,650,000 Common Shares, the number of Common Shares owned or controlled by Candel, together with those already held by its sole shareholder, Allan Green, is now 30,086,353 Common Shares (29,532,353 held by Candel and 554,000 held by Mr. Green). Such Common Shares represent approximately 25.9% of the Company's issued and outstanding Common Shares. Prior to such acquisitions and as stated in the early warning report dated July 22, 2013, Mr. Green held, and exercised control or direction over, through Candel, an aggregate of 27,436,353 Common Shares.
Mr. Green and his wholly-owned company, Candel, has acquired Common Shares for investment purposes. Based on several factors, including Mr. Green's investment objectives and market conditions, Mr. Green may determine to directly or indirectly increase or decrease his ownership of securities of the Company, in the open market, by private agreement or otherwise, subject to compliance with applicable securities laws.
SOURCE Castle Peak Mining Ltd.
For further information: For further information, please contact Allan Green at: 4 avenue Hoche, Paris, 75008, France, 33 1 56 79 10 or visit www.sedar.com.