Business
Carlyle Closes $647,515 Initial Tranche of Unit Offering
Vancouver, British Columbia--(Newsfile Corp. - August 18, 2023) - CARLYLE COMMODITIES CORP. (CSE...
About this update from Carlyle Commodities Corp.
[{"type":"text","content":"Carlyle Closes $647,515 Initial Tranche of Unit OfferingVancouver, British Columbia--(Newsfile Corp. - August 18, 2023) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTCQB: CCCFF) (\"Carlyle\" or the \"Company\") is pleased to announce that, further to its news release dated August 11, 2023, it has closed the first tranche of its previously announced non-brokered private placement for gross aggregate proceeds of $647,515 (the \"First Tranche\") through the issuance of 7,617,823 units of the Company (each, a \"Unit\") at a price of $0.085 per Unit.Each Unit consists of one common share in the capital of the Company (each, a \"Share\") and one Share purchase warrant (each, a \"Warrant\"), with each Warrant entitling the holder thereof to purchase one additional Share (each, a \"Warrant Share\") at a price of $0.15 per Warrant Share for a period of thirty-six months following the date of issuance. The aggregate proceeds of the First Tranche are anticipated to be used for advancement of the Company's flagship Newton Project in British Columbia, and general working capital.Fees of $3,190 were paid and 37,520 finder's warrants were issued (the \"Finder's Warrants\") to certain finders in connection with the First Tranche. Each Finder's Warrant is exercisable into one Share for a period of thirty-six months at an exercise price of $0.085.All securities issued in connection with the First Tranche are 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.None of the securities sold in connection with the First Tranche have been and will not be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.About CarlyleCarlyle is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. Carlyle owns 100% of the Newton Project in the Clinton Mining Division of B.C. and is...