Carlyle Commodities Corp C.CCC

Disclosure July; next three months

[tour2best]

In its monthly disclosurethere is one significant difference:  July excerpt:


By News Release issued July 29, 2019, the Issuer announced a non-brokered private placement consisting of the issuance of: (i) up to 11,000,000 flow-through units (each, an “FT Unit”) at a price of $0.1001 per FT Unit for gross proceeds of up to $1,100,000 (the “FT Offering”), and (ii) up to 5,000,000 non-flow-through units (each, an “NFT Unit” and, together with the FT Units, the “Units”) at a price of $0.08 per NFT Unit for gross proceeds of up to $400,000 (the “NFT Offering” and, together with the FT Offering, the “Offering”).
 
Each FT Unit will consist of one common share in the capital of the Issuer to be issued on a “flow-through” basis (each, a “FT Share”) pursuant to the Income Tax Act (Canada) (the “Tax Act”) at a price of $0.10 per FT Share and one-half of one common share purchase warrant (each, an “FT Warrant”), with each FT Warrant entitling the holder to purchase one additional non-flow-through common share (each, a “Warrant Share”) at a price of $0.25 per Warrant Share for a period of eighteen months following the closing of the Offering (the “Closing”).
 
Each NFT Unit will consist of one common share in the capital of the Issuer to be issued on a “non-flow-through” basis (each, an “NFT Share”) at a price of $0.08 per NFT Share and one-half of one common share purchase warrant (each, an “NFT Warrant”), with each NFT Warrant entitling the holder to purchase one additional Warrant Share at a price of $0.25 per Warrant Share for a period of eighteen months following the Closing.
 
All securities issued pursuant to the Offering will be eligible for sale in each of the provinces
of Canada.
 
The aggregate proceeds of the FT Offering will be used by the Company to incur exploration expenditures on the Company’s properties. Such expenditures will constitute “Canadian Exploration Expenses” (as defined in the Tax Act) which will be renounced to purchasers for the taxation year ending December 31, 2019. The aggregate proceeds of the NFT Offering will be used by the Company for exploration expenditures on the Company’s properties as well as for general working capital purposes. Finders’ fees may be payable in connection with the Offering in accordance with the policies of the Canadian Securities Exchange.

This was excluded from August to October monthly report. 
This my last post for this company as I will not invest in company's that use the treasury as a piggy bank and promote silly projects.  as noted profitable Fe-Ti-V Projects are like hens teeth and only Largo's project works, due to its unique location.

Value of this Project lies in V potential alone. and you need to produce:

• A V2O5 product.
• A saleable TiO2 product needs to be 47+% TiO2 and
• A Fe product has to have less than 0.35% TiO2 and less than 0.06% V in a normalised 65% Fe product

So what is Delrey going to produce.  Its presentation is simply absurd in its economic discussion.