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Provider: Thomson Reuters Stock Report
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Provider: Wright Reports
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Canada Carbon Inc Closes Private Placement


Friday, 5 Oct 2012 11:59pm EDT 

Canada Carbon Inc announced that it has closed a non-brokered private placement (the Private Placement) which raised gross proceeds of $700,000. Specifically, the Company issued 7,000,000 units (Units). Each Unit consists of one common share in the capital of the Company (Common Share) and one Common Share purchase warrant (Warrant), with each Warrant being exercisable for the purchase of an additional Common Share for a period of two years from closing at $0.20 per Common Share. No finder's fees or commissions were paid in connection with the Private Placement. In accordance with applicable securities legislation, the securities issued in the Private Placement are subject to a statutory hold period expiring on February 6, 2013. The proceeds from the Private Placement will be used to complete the acquisition of mining claims from Uragold Bay Resources Inc. and for general working capital. 

Company Quote

0.25
-0.01 -3.85%
15 Sep 2014