Carlyle Commodities Closes $2,855,000 in Tranche 1 of Its Previously Announced Financing in Connection with Proposed Transaction with Silver Pony Resources

Core Viewpoint - Carlyle Commodities Corp. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of $2,855,000 to support its business combination with Silver Pony Resources Corp. [1][2] Group 1: Private Placement Details - The private placement involved the issuance of 285,500,000 subscription receipts at a price of $0.01 each, which will convert to units upon satisfaction of certain conditions [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with the warrant exercisable at $0.015 for 18 months [2] - The net proceeds will be held in escrow and used for exploration work on the Trout Lake Projects and general working capital, pending the satisfaction of the Escrow Release Condition [3][4] Group 2: Financial Arrangements - Carlyle paid a cash commission of $128,000 to eligible finders and issued 12,800,000 finder's warrants, each exercisable into a unit at $0.01 for 18 months [5] - Each finder's unit consists of one share and one-half of a warrant, with the full warrant exercisable at $0.015 per share for 18 months [5] Group 3: Company Overview - Carlyle is focused on mineral exploration, owning the Quesnel Gold Project and holding an option for the Nicola East Mining Project [8]