Business
Carlyle Increases Unit Offering and Closes Final Tranche for Aggregate Gross Proceeds of $1,175,000
Vancouver, British Columbia--(Newsfile Corp. - August 30, 2023) - CARLYLE COMMODITIES CORP. (CSE...
About this update from Carlyle Commodities Corp.
[{"type":"text","content":"Carlyle Increases Unit Offering and Closes Final Tranche for Aggregate Gross Proceeds of $1,175,000Vancouver, British Columbia--(Newsfile Corp. - August 30, 2023) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTCQB: CCCFF) (\"Carlyle\" or the \"Company\") is pleased to announce that, further to its news releases dated August 11, 2023 and August 18, 2023, it has closed the second and final tranche of its previously announced non-brokered private placement for gross aggregate proceeds of $527,485 (the \"Second Tranche\") through the issuance of 6,205,705 units of the Company (each, a \"Unit\") at a price of $0.085 per Unit. Together with proceeds from the first tranche of the private placement, the Company raised an aggregate of $1,175,000 and issued an aggregate of 13,823,528 Units.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 Second Tranche are anticipated to be used for advancement of the Company's flagship Newton Project in British Columbia, and general working capital.Fees of $4,964 were paid and 58,400 finder's warrants were issued (the \"Finder's Warrants\") to certain finders in connection with the Second Tranche. Together with the first tranche of the private placement, the Company paid aggregate finder's fees of $12,151 and issued 142,960 Finder's Warrants. 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 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 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 ...