Canada Carbon closes $990,000 private placement
CANADA CARBON CLOSES $990,000 FLOW-THROUGH FINANCING
Canada Carbon Inc. has closed a non-brokered private placement which raised gross proceeds of $990,000. Specifically, the company issued three million flow-through shares at a price of 33 cents per share to two subscribers. No warrants were issued to the placees in conjunction with this private placement. The issue price of the shares exceeds the 52-week-high share price.
Finders’ fees of $69,300 were paid in connection with the private placement to Secutor Capital Management Corp. In accordance with applicable securities legislation, all securities issued in the private placement are subject to a statutory hold period of four months and one day.
The proceeds from the private placement will be used to advance the exploration of the company’s 100-per-cent-owned Miller hydrothermal lump/vein graphite property.
http://www.canadacarbon.com/press-releases
Related Posts
Tags
Share This
