- Carlyle Commodities (CCC) has announced a non-brokered private placement for gross proceeds of up to $250,000
- Under the first tranche, the company issued 800,000 units at a price of $0.25 per unit for total gross proceeds of $200,000
- Net proceeds will be used to fund exploration at the company’s Flagship Newton Project in British Columbia
- Carlyle is a mineral exploration company
- Carlyle Commodities Corp. (CCC) opened trading at C$0.225
Carlyle Commodities (CCC) has announced a non-brokered private placement for gross proceeds of up to $250,000.
Under the first tranche, the company issued 800,000 units at a price of $0.25 per unit for total gross proceeds of $200,000.
Each unit consists of one flow-through common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one non-flow-through common share at a price of $0.375 for a period of eighteen months.
Warrants are subject to an acceleration clause.
Net proceeds will be used to fund exploration at the company’s Flagship Newton Project in British Columbia.
Finders’ fees of $8,600 and 34,400 finder’s warrants were paid to eligible finders.
All securities issued are subject to a statutory four-month hold period.
Carlyle is a mineral exploration company focused on the exploration and development of mineral resource properties. Carlyle owns 100 per cent of the Newton Project in B.C.
Carlyle Commodities Corp. (CCC) opened trading at C$0.225.