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Carolina Rush Announces Brokered Private Placement and Extension of Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - July 28, 2023) - Carolina Rush Corporation  (TSXV: RUSH...
About this update from Carolina Rush Corporation
[{"type":"text","content":"Carolina Rush Announces Brokered Private Placement and Extension of Non-Brokered Private PlacementToronto, Ontario--(Newsfile Corp. - July 28, 2023) - Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) (\"Carolina Rush\" or the \"Company\") announces that it has entered into an engagement agreement (the \"Engagement Agreement\") with Paradigm Capital Inc. ( the \"Agent\") pursuant to which Agent will act as agent to sell up to 1,333,400 units of the Company (the \"Units\") at a price of $0.15 per Unit (the \"Unit Price\") for gross proceeds to the Company of up to C$200,010 (the \"Brokered Offering\").In addition, the Company announces that further to its press release of June 19, 2023, the Company has applied to the TSX Venture Exchange for an extension of its price protection for an addition 30 days in order to complete its non-brokered private placement offering of a minimum of 13,333,334 Units to a maximum of up to 20,000,000 Units at a price of $0.15 per Unit for gross proceeds of a minimum of $2,000,000 up to a maximum of $3,000,000 (the \"Non-Brokered Offering\" and together with the Brokered Offering, the \"Offering\").Each Unit will consist of one common share in the capital of the Company (each, a \"Common Share\") and one half of one whole Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.20 per Common Share until the date that is thirty-six (36) months from the date of issuance. The net proceeds raised under the Offering will be used for the exploration and advancement of the Company's Projects in the Southeastern U.S., including drilling priority targets at the Brewer gold-copper project, advancing the Sawyer gold project, for general corporate and working capital purposes and payment of debt.The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press 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 any State in which such offer, solicitation or sale would be unlawful.About Carolina RushCarolina Rush Corporation (TSXV: RUSH) (...