Capitan Mining Inc. Closes $3.84 Million Financing

Vancouver, British Columbia–(Newsfile Corp. – August 24, 2020) –  Capitan Mining Inc. (TSXV: CAPT) (“Capitan” or the “Company”) is pleased to announce it has closed its private placement (the “Private Placement“) of common shares (each a “Share“). The Private Placement was over-subscribed and the Company issued 19,204,425 Shares at a price of $0.20 per Share for gross proceeds of $3,840,885.00 instead of the 10,000,000 Shares ($2,000,000) originally contemplated.


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