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Carlyle Commodities Corp (2)
Symbol CCC
Shares Issued 50,009,758
Close 2024-06-06 C$ 0.035
Market Cap C$ 1,750,342
Recent Sedar Documents

Carlyle arranges one private placement, cancels another

2024-06-06 18:38 ET - News Release

Mr. Morgan Good reports

CARLYLE ANNOUNCES PRIVATE PLACEMENT OF UP TO $600,000

Carlyle Commodities Corp. intends to complete a non-brokered private placement of up to 15 million units at a price of four cents per unit for aggregate gross proceeds of up to $600,000.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one share at a price of 10 cents per share 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 a day from the date of issuance. The company may pay a finder's fee composed of cash and/or warrants on a portion of the gross proceeds of the offering as may be agreed between the company and eligible finders.

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

The company also wishes to announce that it will no longer continue the private placement of units as detailed in its news releases dated May 6, 2024, and May 14, 2024.

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 Canadian Securities Exchange under the symbol CCC.

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