Business
Carlyle Closes Second Tranche of Unit Offering
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2023) - CARLYLE COMMODITIES CORP. (CSE: ...
About this update from Carlyle Commodities Corp.
[{"type":"text","content":"Carlyle Closes Second Tranche of Unit OfferingVancouver, British Columbia--(Newsfile Corp. - March 3, 2023) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTCQB: DLRYF) (\"Carlyle\" or the \"Company\") is pleased to announce that, further to its news release dated February 24, 2023, it has closed the second tranche (the \"Second Tranche\") of its previously announced $250,000 unit (each, a \"Unit\") offering (the \"Offering\") consisting of 140,000 Units for gross aggregate proceeds of $35,000.Each Unit consists of one common share in the capital of the Company (each, a \"Share\") and one-half of one Share purchase warrant (each, a \"Warrant\"), with each full 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 aggregate proceeds of the First and Second Tranche of the Offering, which are approximately $220,000, are anticipated to be used for general working capital.No finder's fees were paid in connection with the closing of the Second Tranche. The Company anticipates closing a third and final tranche in the coming week.All securities issued in connection with the Second 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 Second Tranche will 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 new...