Canada Carbon Inc V.CCB

Canada Carbon closes PP - still in business

[thadeush]

I've been been in CCB.V for too long to think there will be a run on the sp any time soon, but people don'ts buy into a PP if the company is shutting down. This nr is evidence of a good heartbeat. We continue to wait. 
 

PRESS RELEASES

Canada Carbon Closes Private Placement of Flow-Through Units (English)

December 11, 2023, Toronto, ON, Canada – Canada Carbon Inc. (the "Company") (TSX-V: CCB) is pleased to announce the closing of a non-brokered private placement of 16,666,667 flow-through units (each, a “FT Unit”) at a price of $0.03 per FT Unit for aggregate gross proceeds of $500,000 (the “Offering”). Each FT Unit is comprised of one (1) flow-through share (each, an “FT Share”) in the capital of the Company and one-half of one (1/2) common share purchase warrant (each, a “Warrant”). Each whole Warrant shall entitle the holder thereof to acquire one common share in the capital of the Company at a price of $0.05 per share for a period of 24 months from the date of issuance. The FT Shares will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada).

 

All securities issued pursuant to the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The proceeds of the Offering will be used by the Company for eligible flow-through expenditures.

 

In connection with the Offering, the Company paid finders’ fees to certain finders, consisting of: (i)  a cash  fee  equal to $40,000; and (ii) 1,333,333 warrants (each, a “Finder’s Warrant”). Each Finder’s Warrant shall entitle the holder to acquire one common share at a price of $0.05 per share for a period of 24 months from the date of issuance.

 

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

 

 

 

CANADA CARBON INC.

 

 

“Ellerton Castor”

 

Chief Executive Officer and Director

https://www.canadacarbon.com/newsdetail?&newsfile=ccb_20231211.html