Business
Carlyle Closes Private Placement, Issues Stock Options, Engages Market Maker ITG and Hires Marketing and Awareness Group
Vancouver, British Columbia--(Newsfile Corp. - March 22, 2023) - CARLYLE COMMODITIES CORP. (CSE:...
About this update from Carlyle Commodities Corp.
[{"type":"text","content":"Carlyle Closes Private Placement, Issues Stock Options, Engages Market Maker ITG and Hires Marketing and Awareness GroupVancouver, British Columbia--(Newsfile Corp. - March 22, 2023) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTCQB: CCCFF) (\"Carlyle\" or the \"Company\") is pleased to announce the closing of a non-brokered private placement (the \"Offering\"), pursuant to which it issued an aggregate of 1,341,666 units (each, a \"Unit\") at a price of $0.15 per Unit for gross proceeds of $201,250. The Company will not be proceeding with any further tranches of its previously announced private placement, disclosed in the Company's news releases dated February 24, 2023, and March 3, 2023. Each Unit consists of one common share in the capital of the Company (each, a \"Share\") and one-half of one Share purchase warrant of the Company (each whole warrant, a \"Warrant\"), with each Warrant entitling the holder thereof to purchase one additional Share (each, a \"Warrant Share\") at a price of $0.375 per Warrant Share for a period of thirty-six months following issuance. The Warrants are subject to an acceleration provision (the \"Acceleration Provision\") whereby in the event the Shares have a closing price on the CSE (as defined below) (or such other exchange on which the Shares may be traded at such time) of $0.50 or greater per Share for a period of ten (10) consecutive trading days at any time from the date of issuance, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof (by disseminating a news release advising of the acceleration of the expiry date of the Warrants) and, in such case, the Warrants will expire on the thirtieth day after the date of such notice.The proceeds of the Offering are anticipated to be used for general working capital purposes. Finder's commission of 53,333 finder's warrants exercisable at a price of $0.15 each into 53,333 units of the Company (each a \"Finder Unit\") were issued in connection with the closing of the Offering. Each Finder Unit consists of one Share and one-half of one Warrant, with each Warrant entitling the holder thereof to purchase one Warrant Share at a price of $0.375 per Warrant Share for a period of thirty-six months following issuance.All securities issued in connection with the Offering are subject to a statutory hold period ...