Canada Carbon Closes Private Placement of Flow-Through Units and Non-Flow-Through Units
TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the "Company") (TSX-V: CCB) is pleased to announce the closing of a non-brokered private placement of 7,500,000 flow-through units (each, a “FT Unit”) at a price of $0.06 per FT Unit gross proceeds of $450,000 (the “FT Offering”). Each FT Unit is comprised of one (1) flow-through share (each, an “FT Share”) in the capital of the Company and one-half of one (1/2) common share purchase warrant (each, a “Warrant”). Each whole Warrant shall entitle the holder thereof to acquire one common share in the capital of the Company at a price of $0.12 per share for a period of 60 months from the date of issuance. The FT Shares will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada).
- TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the "Company") (TSX-V: CCB) is pleased to announce the closing of a non-brokered private placement of 7,500,000 flow-through units (each, a “FT Unit”) at a price of $0.06 per FT Unit gross proceeds of $450,000 (the “FT Offering”).
- The FT Shares will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada).
- Each NFT Unit is comprised of one (1) flow-through share (each, an “FT Share”) in the capital of the Company and one (1) Warrant.
- This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation.