Oct 12 (Reuters) - Newcastle Gold Ltd NCA.V :
* Newcastle Gold Ltd- Newcastle plans to use net proceeds of offering to fund exploration and development at its Castle Mountain project
* Newcastle Gold Ltd - underwriters agreed to purchase, on a bought deal basis, 15 million common shares of newcastle at a price of $0.82 per common share Source text for Eikon: ID:nCCN2Pl1Fs Further company coverage: NCA.V