CANADA CARBON INC. ANNOUNCES EXTENSION OF PRIVATE PLACEMENT

Core Points - Canada Carbon Inc. has been granted a 30-day extension to close its 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] - 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 60 months [1] - The closing of the offering is subject to regulatory approvals, including the approval of the TSX Venture Exchange [2] Financial Details - The offering proceeds will be utilized for corporate and general working capital purposes [2] - A finder's fee may be paid to eligible parties, consisting of a cash fee equal to 8% of the gross proceeds and finder's warrants equal to 8% of the units issued [3] Regulatory Information - All securities issued will be subject to a hold period of four months plus a day from the date of issuance [2] - The securities have not been registered under the U.S. Securities Act and cannot be offered or sold in the United States unless registered or exempt [4]