Core Points - Canada Carbon Inc. announced a non-brokered private placement of up to 35,000,000 units at a price of $0.02 per unit, aiming for aggregate gross proceeds of up to $700,000 [1][2] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire one common share at a price of $0.06 for a period of 60 months [1][3] - The proceeds from the offering will be utilized for corporate and general working capital purposes [2] Offering Details - The offering is subject to a hold period of four months plus a day from the date of issuance and must comply with applicable securities legislation [2] - The company may pay a finder's fee of 8% of the gross proceeds and issue finder's warrants equal to 8% of the units issued [3] - Each finder's warrant will also allow the holder to acquire one common share at a price of $0.06 for a period of 60 months [3]
CANADA CARBON INC. ANNOUNCES PRIVATE PLACEMENT AND SHARES FOR DEBT TRANSACTION