New Carolin Gold Corp. (the "Company" or "New Carolin") (LAD.V LADFF): Further to its news release of April 18, 2016, the Company has announced that it has completed its two concurrent non-brokered private placements of units totaling 14,690,000 units in the capital of the Company for gross proceeds of $1,028,300.
The proceeds from the offering will be used for exploration on the Company's Ladner Gold project and for general working capital and corporate purposes.
About New Carolin Gold Corp.
New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of our strategic 144 square kilometers of contiguous mineral claims, collectively known as the Ladner Gold Project. The project is located near Hope, BC, in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous gold prospects.
Project Highlights
• Desirable mining location
• Recently acquired 100%
• Closed financing for $1,100,000 March 2016
• Five past producing underground gold mines trending NW on the east side of the Hozameen Fault, within the Coquihalla Gold Belt
• Approximately 144 sq km contiguous land package
• NI 43-101 Carolin Resource - 607,000 oz inferred grading 1.5 g/t 0.5 g/t cut-off
• NI 43-101 McMaster Resource - 79,000 oz inferred grading 0.69 g/t 0.5 g/t cut-off
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