Peloton Minerals closes $222K first tranche of private placement

pcNewsWirePeloton Minerals Corporation (CSE: PMC) has closed the first tranche of previously announced non-brokered private placement, issuing 4,034,090 units priced at $0.055 per unit for gross proceeds totaling $221,875.

Proceeds from the private placement will be used for mineral exploration, general working capital and administrative expenses.

News Release

June 30,, 2017 CSE SYMBOL: PMC

Closes First Tranche of Private Placement Financing

London, Ontario – Peloton Minerals Corporation (“Peloton” or the “Company”) (CSE Symbol: PMC) has closed the first tranche of a non-brokered private placement (the “Private Placement”) previously announced May 3, 2017 for gross proceeds totaling $221,875 and consisting of 4,034,090 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 mineral exploration, general working capital and administrative expenses.

The securities issued in connection with the Private Placement are subject to a hold period expiring four months and one day from the issuance of the securities.

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 65,503,707 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.