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Carlyle Commodities Corp (2)
Symbol CCC
Shares Issued 46,558,424
Close 2024-05-03 C$ 0.05
Market Cap C$ 2,327,921
Recent Sedar Documents

Carlyle Commodities arranges $500,000 private placement

2024-05-06 07:28 ET - News Release

Mr. Morgan Good reports

CARLYLE ANNOUNCES PRIVATE PLACEMENT OF UP TO $500,000

Carlyle Commodities Corp. intends to complete a non-brokered private placement of up to 10 million units at a price of five cents per unit for aggregate gross proceeds of up to $500,000.

Each unit will consist of one common share of the company and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one share at a price of 10 cents for a period of 36 months from the date of issuance.

The securities offered pursuant to the offering will be subject to a statutory hold period of four months and one day from the date of issuance. The company may pay a finder's fee on a portion of the gross proceeds of the offering. The offering remains subject to regulatory approval and the approval of the Canadian Securities Exchange (CSE).

The company intends to use the net proceeds of the offering for advancement of its Newton project and for general working capital.

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.

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