40 Million Shares @ .07 Coming CKR Carbon Corp. has closed its non-brokered private placement announced on Nov. 23, 2017, and raised $2,793,640. The company placed 39,909,143 working capital units.
Each working capital unit is priced at seven cents and consists of one common share and one common share purchase warrant. Each working capital warrant entitles the holder to purchase one common share at a price of 10 cents per working capital warrant share until the earlier of: (i) three years following the closing of the offering; and (ii) in the event that the closing price of the common shares on the TSX Venture Exchange is at least 30 cents for 20 consecutive trading days and the 20th trading day is at least four months from the closing of the offering, the date which is 30 days from the final trading day.
The company paid eligible finders cash compensation of $151,209.80 and issued 2,160,140 broker warrants. Each broker warrant entitles the holder to acquire one common share of CKR at seven cents for a period of three years from the closing of the offering.
All securities issued pursuant to the offering are subject to a four-month hold period expiring on March 25, 2018.