CANADA CARBON CLOSES PRIVATE PLACEMENT OF UNITS
19 Novembre 2024 - 11:01PM
Canada Carbon Inc. (the "
Company")
(TSX-V: CCB) is
pleased to announce the closing of the first tranche of a
non-brokered private placement of 7,333,333 units (each, a
“
Unit”) at a price of $0.015 per Unit for aggregate gross
proceeds of $110,000 (the “
Offering”). Each Unit is
comprised of one (1) common share (each, a
“Share”) in the
capital of the Company and one (1) common share purchase warrant
(each, a “
Warrant”). Each Warrant shall entitle the holder
thereof to acquire one common share in the capital of the Company
at a price of $0.06 per share for a period of 60 months from the
closing of the Offering.
All securities issued pursuant to the Offering
are subject to a hold period of four months plus a day from the
date of issuance and the resale rules of applicable securities
legislation. The proceeds of the Offering will be used by the
Company for general working capital purposes.
Ellerton Castor, Chief Executive Officer of the
Company, purchased 666,666 Units pursuant to the Offering. The
insider private placement is exempt from the valuation and minority
shareholder approval requirements of Multilateral Instrument 61-
101 – Protection of Minority Security Holders in Special
Transactions (“MI 61-101”) by virtue of the exemptions
contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in that the
fair market value of the consideration for the securities of the
Company which will be issued to Mr. Castor does not exceed 25% of
its market capitalization.
This news release does not constitute an offer
to sell or a solicitation of an offer to sell any of the securities
in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”) or any state securities
laws and may not be offered or sold within the United States or to
U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
CANADA CARBON INC.
“Ellerton Castor”Chief Executive Officer and DirectorContact
InformationE-mail inquiries: info@canadacarbon.comP: (905)
407-1212
FORWARD LOOKING STATEMENTS
This press release contains statements that
constitute “forward-looking information” (“forward-looking
information”) within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of
historical fact, are forward-looking information and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that discusses predictions, expectations,
beliefs, plans, projections, objectives, assumptions, future events
or performance (often but not always using phrases such as
“expects”, or “does not expect”, “is expected”, “anticipates” or
“does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”,
“estimates”, “believes” or “intends” or variations of such words
and phrases or stating that certain actions, events or results
“may” or “could”, “would”, “might” or “will” be taken to occur or
be achieved) are not statements of historical fact and may be
forward-looking information. Forward-looking statements in this
news release include statements regarding the Offering and use of
proceeds from the Offering. In disclosing the forward-looking
information contained in this press release, the Company has made
certain assumptions. Although the Company believes that the
expectations reflected in such forward-looking information are
reasonable, it can give no assurance that the expectations of any
forward-looking information will prove to be correct. Known and
unknown risks, uncertainties, and other factors which may cause the
actual results and future events to differ materially from those
expressed or implied by such forward-looking information. Such
factors include, but are not limited to: compliance with extensive
government regulations; domestic and foreign laws and regulations
adversely affecting the Company’s business and results of
operations; and general business, economic, competitive, political
and social uncertainties. Accordingly, readers should not place
undue reliance on the forward-looking information contained in this
press release. Except as required by law, the Company disclaims any
intention and assumes no obligation to update or revise any
forward-looking information to reflect actual results, whether as a
result of new information, future events, changes in assumptions,
changes in factors affecting such forward-looking information or
otherwise.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Grafico Azioni Canada Carbon (TSXV:CCB)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Canada Carbon (TSXV:CCB)
Storico
Da Dic 2023 a Dic 2024