London (Ontario), December 29, 2016 - Peloton Minerals Corporation ("Peloton" or the "Company") (CSE Symbol: PMC) has closed a non-brokered private placement financing totaling $66,500 and consisting of 886,667 units priced at $0.075 per unit. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.125. 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 April 30, 2017.
For further information please contact:
Edward (Ted) Ellwood, MBA President & CEO 1-519-964-2836
Peloton Minerals Corporation is a reporting issuer in good standing in the Province of Ontario whose common shares are listed on CSE (Symbol: PMC). There are 61,474,617 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 four 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.
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London (Ontario), December 29, 2016 - Peloton Minerals Corporation ("Peloton" or the "Company") (CSE Symbol: PMC) has closed a non-brokered private placement financing totaling $66,500 and consisting of 886,667 units priced at $0.075 per unit. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.125. Proceeds from the private placement will be used for general working capital and administrative expenses.
