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Carube Announces Private Placement Offering
OTTAWA, ON / ACCESSWIRE / June 15, 2016 / Carube Copper Corp. (TSXV: CUC) (the " Company "...
About this update from C3 Metals Inc.
[{"type":"text","content":"Carube Announces Private Placement OfferingOTTAWA, ON / ACCESSWIRE / June 15, 2016 / Carube Copper Corp. (TSXV: CUC) (the \"Company\") announced today that, subject to TSX Venture Exchange (\"TSXV\") approval, it intends to raise an aggregate of $500,000 by way of a non-brokered private placement (the \"Offering\") of up to 5,000,000 units of the Company (the \"Units\") at a price of $0.10 per Unit. Each Unit will be comprised of one common share in the capital of the Company (a \"Common Share\") and one half of one Common Share purchase warrant (each whole such warrant, a \"Warrant\"). Each Warrant shall be exercisable into one Common Share at a price of $0.15 per Common Share for a period of two years from the closing date of the Offering. \nThe proceeds of the Offering will be used for gold and copper exploration and for general working capital purposes. The actual allocation of net proceeds may vary depending on future operations or unforeseen events or opportunities. The closing of the Offering is expected to occur on or before June 30, 2016 or such other date as the Company may determine (the \"Closing Date\"). \nFinders who source funds may earn a cash commission of up to 7% of the gross proceeds raised by such finder and warrants (\"Finder Warrants\") entitling the finder to purchase that number of Common Shares equal to 7% of the number of Units sold by such finder. \nExisting Shareholder Exemption\nDepending on demand and regulatory requirements, a portion of the Offering may be made in accordance with the provisions of the existing shareholder exemption (the \"Existing Shareholder Exemption\") contained in Multilateral CSA Notice 45-313 and the various corresponding blanket orders and rules of participating jurisdictions, as well as the amendments to Rule 45-501- Ontario Prospectus and Registration Exemptions in Ontario. In addition to conducting the Offering pursuant to the Existing Shareholder Exemption, it will also be conducted pursuant to the \"Accredited Investor\" and other available prospectus exemptions.\nThe Company has set June 14, 2016 as the record date (the \"Record Date\") for the purpose of determining existing shareholders entitled to purchase the Units pursuant to the Existing Shareholder Exemption. Subscribers using the Existing Shareholder Exemption will need to complete a subscription agreement an...