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Carlton Precious Announces Non-Brokered $1 Million Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STA...
About this update from Carlton Precious Inc
[{"type":"text","content":"Carlton Precious Announces Non-Brokered $1 Million Private Placement\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES\n \n OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n TORONTO, May 12, 2025 (GLOBE NEWSWIRE) -- Carlton Precious Inc. (TSX-V: CPI | OTCQB: NBRFF) (“\n \n Carlton\n \n ” or the “\n \n Company\n \n ”) announces that it will undertake a non-brokered private placement to raise up to $1,035,000 through the issuance of up to 11,500,000 units (the “Private Placement”), each Unit being priced at $0.09 and comprising one common share and one-half common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable at $0.12 for a period of 24 months post the closing date. In connection with the private placement, the Company may pay finder’s fees of 7% cash and 7% compensation warrants in accordance with the policies of the TSX Venture Exchange.\n \n\n Net proceeds of the Private Placement will be utilized to commence a drilling program at the Company’s wholly-owned Esquilache Project in Peru and for general working capital purposes.\n \n\n Closing of the Private Placement is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the Private Placement 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.\n \n\n This press release does not constitute an offer to sell or a solicitation of an offer to buy 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 as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.\n \n\n For further information, please contact:\n \n\n\n About Carlton Precious Inc.\n \n\n\n Carlton Precious is a publicly traded precious and base metals exploration company listed on the TSX Venture Exchange. The Company is managed by a team o...