News!
New Carolin closes $370,000 private placement
2013-03-18 14:48 ET - News Release
Mr. Bruce Downing reports
NEW CAROLIN GOLD CLOSES C$370,000 NON-BROKERED PRIVATE PLACEMENT UNIT FINANCING
New Carolin Gold Corp., subject to regulatory approval, has closed a non-brokered private placement of 3.7 million units at a price of 10 cents per unit for gross proceeds of $370,000. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will be exercisable to acquire one additional common share of the company at any time for a 12-month period from the date of issuance, at an exercise price of 15 cents per share. The company paid finders' fees of $35,750.
The securities issued under this private placement will be subject to a four-month hold period.
The majority of the proceeds of this financing will be set aside to make up a portion of the total amount the company anticipates will be required to complete the proposed property settlement agreement (please see press release dated Oct. 31, 2012).
We seek Safe Harbor.