Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.
Business

CANADA CARBON Closes Flow-Through Unit Private Place, The Canadian Business Journal

NOT FOR DISTRIBUTION IN THE USA OR THROUGH US NEWSWIRE SERVICES

TORONTO, ON CANADA, OCTOBER 3, 2022 (GLOBE NEWSWIRE) –

Canada Carbon Inc. (“Company”) (TSX-V: CCB) are 13,333,300 units (respectively,unit”) at a price of $0.06 per unit with a total revenue of approximately $800,000 (“Recruitment”). Each unit consists of one flow-through share (each “FT Share”) the capital of the Company and half (1/2) of one Common Stock Purchase Warrant (the entirety of each Common Stock Purchase Warrant, “warrant”). Each stock acquisition right entitles its holder to one share of common stock in the Company’s capital.common stock”) at a price of $0.10 per share of common stock for 24 months from the date of issue. FT shares qualify as “flow-through shares”. income tax law (Canada).

“Canada Carbon remains focused on developing a full portfolio of assets. This funding will allow the company to commence a full program of exploration activities at the Asbury deposit. has submitted an application for the permits required to commence the drilling and drilling program of , which is expected to be completed by December 31st.st, 2022 and the first half of 2023, aiming to complete the resource statement. “

All securities issued pursuant to the offering are subject to a hold period of four months plus one day from the date of issuance and resale rules of applicable securities laws. Income from the offering will be used by the company for eligible flow-through spending. Closure of the offering is subject to final approval by the TSX Venture Exchange.

In connection with the offering, we paid GloRes Securities Inc. a finder fee as follows: (ii) 799,998 Warrants (each,finder’s warrant”), representing 6% of units sold under the offering. Each finder’s warrant entitles the holder to acquire one share of common stock at a price of $0.10 per share of common stock for a period of twenty-four (24) months from the date of issuance.

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

Canada Carbon Company

Ellerton caster”

Chief Executive Officer and Director
contact address
Email us: [email protected]
Phone: (905) 407-1212

Forward-Looking Statements

This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking information and are based on expectations, estimates and projections as of the date of this news release. Any statement discussing predictions, expectations, beliefs, plans, predictions, objectives, assumptions, future events, or performance (phrases such as “expect,” “do not expect,” “expect,” “predict,” etc.) is not always used) or “not expected”, “planned”, “budgeted”, “intended”, “forecast”, “estimate”, “believe”, “intend”, or such “could” or “could”, “could”, “could”, or “could” refer to variations of a word or phrase or a particular action, event or outcome “to be” is considered to occur or be achieved) may be forward-looking information rather than statements of historical fact. Forward-looking statements in this news release contain statements regarding the offering, including the approval by the TSX Venture Exchange and the use of proceeds from the offering. In disclosing the forward-looking information contained in this press release, we have made certain assumptions. Although we believe that the expectations reflected in such forward-looking information are reasonable, there can be no assurance that the expectations reflected in such forward-looking information will prove correct. Known and unknown risks, uncertainties and other factors that could cause actual results or future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: Comply with a wide range of government regulations. Domestic and foreign laws and regulations that adversely affect our business and operating results. Impact of COVID-19. General business, economic, competitive, political and social uncertainties. Readers should therefore not place undue reliance on the forward-looking information contained in this press release. Except as required by law, we make no forward-looking statements to reflect actual results as a result of new information, future events, changes in assumptions or changes in factors affecting such forward-looking statements. disclaims any intention, and assumes no obligation, to update or correct any information relating to – Appearance information or otherwise.

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.


CBJ Newsmaker

CANADA CARBON Closes Flow-Through Unit Private Place, The Canadian Business Journal

Source link CANADA CARBON Closes Flow-Through Unit Private Place, The Canadian Business Journal

Related Articles

Back to top button