Carlton Precious Announces Further Upsize to Private Placement

Core Points - Carlton Precious Inc. has announced an increase in its non-brokered private placement to up to 18,700,000 units at a price of $0.09 per unit, aiming for gross proceeds of up to $1,683,000 [1] - Each unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at $0.12 for 24 months [1] - The company may pay eligible finders a cash commission of 7% of the gross proceeds and issue broker warrants equal to 7% of the units issued [2] - The net proceeds from the private placement will be used to initiate a drilling program at the Esquilache Project in Peru and for general working capital [3] - All securities issued will be subject to a hold period of four months plus a day from the issuance date [3] Company Overview - Carlton Precious Inc. is a publicly traded exploration company focused on precious and base metals, listed on the TSX Venture Exchange [5] - The company operates in key mining jurisdictions, including Peru and Australia [5]