Core Points - Canada Carbon Inc. has successfully closed a non-brokered private placement, raising a total of $550,000 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, and 12,500,000 flow-through shares also priced at $0.02 each, generating $250,000 [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 $44,000 in cash and issued 2,200,000 common share purchase warrants, also exercisable at $0.07 for 60 months [3]
CANADA CARBON ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF FLOW-THROUGH UNITS AND FLOW-THROUGH SHARES