- Canada Carbon (CCB) has closed its non-brokered private placement
- Under the final tranche, the company issued 200,000 units priced at $0.075 per unit for gross proceeds of $15,000
- The proceeds will be used for corporate and general working capital purposes
- Canada Carbon Inc is a mineral exploration company
- Canada Carbon Inc. (CCB) opened trading at C$0.065 per share
Canada Carbon (CCB) has closed its non-brokered private placement.
Under the final tranche, the company issued 200,000 units priced at $0.075 per unit for gross proceeds of $15,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional share at a price of $0.09375 for a period of 60 months.
All securities issued will be subject to a statutory four-month hold period.
Proceeds will be used for corporate and general working capital purposes.
“As Canada Carbon embarks on an effort to expand the number of applications for which its graphite is qualified, the proceeds of this offering will allow the company to complete the requisite product qualification and metallurgical testing activity. Canada Carbon is poised to deliver exceptional value to shareholders as we demonstrate the full potential of the company’s efforts to bring the Miller and Asbury graphite deposits into production.”, said Ellerton Castor, Chief Executive Officer.
Canada Carbon Inc is a mineral exploration company engaged in the acquisition, exploration and evaluation of mineral properties in Canada.
Canada Carbon Inc. (CCB) opened trading at C$0.065 per share.