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CANADA CARBON ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF FLOW-THROUGH UNITS AND FLOW-THROUGH SHARES
CCBstal Financial (CCB) GlobeNewswire·2024-12-17 22:01

Core Points - Canada Carbon Inc. has successfully closed a non-brokered private placement, raising a total of 550,000throughtheissuanceofflow−throughunitsandflow−throughshares[1][2]−Theofferingconsistsof15,000,000flow−throughunitspricedat550,000 through the issuance of flow-through units and flow-through shares [1][2] - The offering consists of 15,000,000 flow-through units priced at 0.02 each, generating 300,000,and12,500,000flow−throughsharesalsopricedat300,000, and 12,500,000 flow-through shares also priced at 0.02 each, generating 250,000[1]−Eachflow−throughunitincludesoneflow−throughshareandonecommonsharepurchasewarrant,withwarrantsexercisableat250,000 [1] - Each flow-through unit includes one flow-through share and one common share purchase warrant, with warrants exercisable at 0.07 for a period of 60 months [1] Use of Proceeds - The proceeds from the offering will be allocated for eligible exploration expenditures [2] Finder's Fees - The company paid finders' fees totaling 44,000incashandissued2,200,000commonsharepurchasewarrants,alsoexercisableat44,000 in cash and issued 2,200,000 common share purchase warrants, also exercisable at 0.07 for 60 months [3]