The Prospector News

Canada Carbon Closes Private Placement of Units

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Canada Carbon Closes Private Placement of Units

 

Canada Carbon Inc. (TSX-V: CCB) is pleased to announce the closing of the first tranche of a non-brokered private placement of 7,333,333 units at a price of $0.015 per Unit for aggregate gross proceeds of $110,000. Each Unit is comprised of one (1) common share in the capital of the Company and one (1) common share purchase warrant. Each Warrant shall entitle the holder thereof to acquire one common share in the capital of the Company at a price of $0.06 per share for a period of 60 months from the closing of the Offering.

All securities issued pursuant to the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The proceeds of the Offering will be used by the Company for general working capital purposes.

Ellerton Castor, Chief Executive Officer of the Company, purchased 666,666 Units pursuant to the Offering. The insider private placement is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61- 101 – Protection of Minority Security Holders in Special Transactions by virtue of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company which will be issued to Mr. Castor does not exceed 25% of its market capitalization.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

CANADA CARBON INC.

Posted November 20, 2024

Share this news article

MORE or "UNCATEGORIZED"


Canadian Copper Inc. Announces Closing of $44M Project Financing with OR Royalties Inc.

Canadian Copper Inc. (CSE: CCI) announces that it has closed its ... READ MORE

July 16, 2026

New Pacific Metals Reports Results of Updated Carangas Preliminary Economic Assessment: Post-tax $2.65 Billion NPV (5%) and 35.9% IRR; 339.0 Million Oz of Silver Equivalent Produced

New Pacific Metals Corp. (TSX: NUAG) (NYSE-A: NEWP) is pleased to... READ MORE

July 16, 2026

Thunder Gold Reports 1.793 g/t Au over 45.0 metres at UV Target Advancing Tower Mountain Resource Growth Strategy

Thunder Gold Corp. (TSX-V: TGOL) (FSE: Z25) (OTCQB: TGOLF) is ple... READ MORE

July 16, 2026

Vior Gold Corporation Extends High-Grade Mineralization Laterally

5.17 g/t Au Over 2.9 Meters and 7.37 g/t Au Over 2.0 Meters   VI... READ MORE

July 16, 2026

Abcourt Mines Reports Record Development for Q4 2026 at Its Sleeping Giant Mine, Followed by a 160% Increase in Tonnage Processed

Abcourt Mines Inc. is pleased to present a major, unaudited opera... READ MORE

July 16, 2026

Copyright 2026 The Prospector News