Mr. Morgan Good reports
CARLYLE ANNOUNCES SHARE ISSUANCES TO CONSULTANT AND DEBT SETTLEMENT
Carlyle Commodities Corp. has issued an aggregate of 415,117 common shares in the capital of the company to a consultant engaged by the company, as shown in the attached table.
Date of issue Number of shares Deemed price
Jan. 27, 2023 61,538 $0.244
April 10, 2023 98,765 $0.101
May 12, 2023 106,666 $0.094
June 9, 2023 148,148 $0.068
The shares being issued are payment for the services rendered by the consultant at a price per share equal to the lowest permitted price by the applicable policies of the Canadian Securities Exchange. Accordingly, the shares were issued pursuant to the prospectus exemption provided under Section 2.24 of National Instrument 45-106 -- Prospectus Exemptions. The shares issued have a hold period of four months and a day from issuance.
The company also announces that it has agreed to issue 500,000 shares at a deemed price of 10 cents per share to a consultant of the company as full and final payment of debt in the aggregate amount of $50,000 to settle certain amounts owed by the company.
All securities issued in connection with the debt settlement will be subject to a statutory hold period expiring four months and one day after the date of issuance as set out in National Instrument 45-102 -- Resale of Securities.
About Carlyle Commodities Corp.
Carlyle is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. Carlyle owns 100 per cent of the Newton project in the Clinton mining division of British Columbia, and is listed on the Canadian Securities Exchange under the symbol CCC, on the OTCQB Market under the ticker CCCFF and on the Frankfurt Exchange under the ticker BJ4.
© 2023 Canjex Publishing Ltd. All rights reserved.