08:44:43 EDT Mon 28 Apr 2025
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Canada Carbon Inc
Symbol CCB
Shares Issued 242,281,512
Close 2025-03-14 C$ 0.02
Market Cap C$ 4,845,630
Recent Sedar Documents

Canada Carbon arranges $700,000 private placement

2025-03-14 17:12 ET - News Release

Mr. Ellerton Castor reports

CANADA CARBON INC. ANNOUNCES PRIVATE PLACEMENT AND SHARES FOR DEBT TRANSACTION

Canada Carbon Inc. has arranged a non-brokered private placement of up to 35 million units at a price of two cents per unit for aggregate gross proceeds of up to $700,000. Each unit shall comprise one common share in the capital of the company and one common share purchase warrant. Each warrant shall entitle the holder thereof to acquire one common share at a price of six cents per share for a period of 60 months from the date of issuance.

All securities issued pursuant to the offering will be 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 from the offering will be used by the company for corporate and general working capital purposes. The closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

In connection with the offering, the company may pay a finder's fee to eligible arm's-length parties. The finder's fee may consist of a cash fee equal to 8 per cent of the gross proceeds of the offering and finders' warrants equal to 8 per cent of the units issued pursuant to the offering. Each finder's warrant shall entitle the holder to acquire one common share at a price of six cents per common share for a period of 60 months from the date of issuance.

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