Carat Exploration Inc
SymbolCRZ
Shares Issued37,913,704
Close 2009-06-26C$ 0.42
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Carat Exploration arranges $100,000 loan

2009-06-29 16:49 ET - News Release

Mr. Ioannis Tsitos reports

CARAT EXPLORATION INC. ANNOUNCES LOAN

Carat Exploration Inc. has arranged a loan in the amount of $100,000 bearing interest at a rate of 6 per cent per annum. Repayment of the principal is to be made on April 27, 2010.

In consideration for making the loan, the lender shall receive 76,923 shares of Carat's common stock at a deemed price of 26 cents per share. The loan shall be used for general working capital. The issue of the bonus shares is subject to the prior approval of the TSX Venture Exchange.

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