Core Points - Canada Carbon Inc. announced a non-brokered private placement of up to 35,000,000 units at a price of 700,000 [1] - 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] - The proceeds from the offering will be utilized for corporate and general working capital purposes [2] Offering Details - All securities issued will be subject to a hold period of four months plus a day from the date of issuance [2] - The closing of the offering is contingent upon receiving necessary regulatory approvals, including from the TSX Venture Exchange [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] Regulatory Compliance - The offering does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States, as the securities have not been registered under the U.S. Securities Act [4] - The company disclaims any intention to update or revise forward-looking information unless required by law [6]
Update: CANADA CARBON INC. ANNOUNCES PRIVATE PLACEMENT