TORONTO, May 10, 2013 /CNW/ - Castle Mountain Mining Company Limited (formerly, Foxpoint Capital Corp.) (the "Company" or "Castle Mountain") is pleased to announce that effective at the opening of trading on the TSX Venture Exchange ("TSXV") on May 14, 2013, the common shares of the Company will commence trading on the TSXV under the trading symbol "CMM".
This follows the previously announced acquisition (the "Transaction") of Telegraph Gold Inc. ("Telegraph") by means of an amalgamation involving Telegraph and 2308800 Ontario Inc., a wholly-owned subsidiary of Castle Mountain. The Transaction constituted the Company's qualifying transaction pursuant to the policies of the TSXV.
About Castle Mountain
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. The Company is currently drilling exploration targets at various locations on the property.
SOURCE Castle Mountain Mining Company Limited