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Carlyle Commodities Corp (2)
Symbol CCC
Shares Issued 41,321,978
Close 2023-12-08 C$ 0.13
Market Cap C$ 5,371,857
Recent Sedar Documents

Carlyle Commodities closes $765,299 private placement

2023-12-08 19:04 ET - News Release

Mr. Morgan Good reports

CARLYLE ANNOUNCES CLOSING OF $765,299 FLOW-THROUGH UNIT OFFERING AND APPOINTMENT OF NEW CFO

Carlyle Commodities Corp., further to its news release dated Dec. 1, 2023, has closed its non-brokered private placement of flow-through-units of the company, consisting of 4,501,762 units of the company at a price of 17 cents per unit for gross aggregate proceeds of $765,299.

Each unit consists of one common share in the capital of the company issued on a flow-through basis pursuant to the Income Tax Act (Canada) and one-half of one share purchase warrant, with each full warrant entitling the holder thereof to purchase one non-flow-through common share in the capital of the company at a price of 30 cents per warrant share for a period of 24 months following the date of issuance.

The aggregate proceeds of the offering are anticipated to be used for exploration expenditures at the company's flagship Newton project in British Columbia.

Finders' fees of $57,864.98 and 324,941 finders' warrants were paid in connection with offering in accordance with the policies of the Canadian Securities Exchange and applicable securities laws. Each finder's warrant entitles the holder thereof to purchase one share at an exercise price of 17 cents per finder's warrant share for a period of 24 months following the date of issue.

All securities issued in connection with the offering are subject to a statutory hold period expiring four months and one day after the date of issue, as set out in National Instrument 45-102, Resale of Securities.

Appointment of new chief financial officer

The company would like to announce and welcome Alastair Brownlow as its new CFO. Mr. Brownlow is a chartered professional accountant and a U.S. certified public accountant (Washington) specializing in resource-focused accounting and finance. Mr. Brownlow has accumulated extensive experience working as CFO of TSX Venture Exchange- and CSE-listed mineral exploration and development companies throughout the world, including exploration and production companies in British Columbia. Mr. Brownlow also previously worked as an auditor in the British Virgin Islands focusing on financial and regulatory reporting of public and private funds and trust companies. Prior to this, Mr. Brownlow worked for a Canadian chartered professional accountant firm, where he specialized in the mining industry, gaining significant accounting experience auditing mineral exploration and development companies in Canada and throughout the world. Mr. Brownlow has a bachelor of business administration degree with first-class honours from Simon Fraser University.

About Carlyle Commodities Corp.

Carlyle is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. Carlyle owns 100 per cent of the Newton project in the Clinton mining division of British Columbia and is listed on the CSE under the symbol CCC, on the OTCQB under the ticker CCCFF and the Frankfurt Stock Exchange under the ticker BJ4.

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