Castlebar Capital Corp. (TSXV:CBAR.P) announced a private placement of minimum of 2,500,000 units and a maximum of 3,750,000 units at a price of CAD 0.20 for gross proceeds of not less than CAD 500,000 and not more than CAD 750,000 on December 11, 2020. Each unit will consist of one common share and one-half common share purchase warrant. Each warrant will be exercisable at a price of CAD CAD 0.30 per share for 18 months from date of closing. The transaction is subjected to receipt of all necessary regulatory and Exchange approvals. The company may pay the finders fee's, finders warrants in the transaction. At the closing of the transaction it is assumed that company will issues CAD 500,000. The company existing share holders hold 39.66% of shares in the resulting issuer, in private placement they hold 43.10%