One investor purchases $178k on CCB.v
nice vote of confidence. and first time CCB includes in PR Miller as hydrothermal/vein graphite. no denying about it now.
CANADA CARBON CLOSES FLOW-THROUGH FINANCING
Canada Carbon Inc. has closed a non-brokered private placement which raised gross proceeds of $178,560. Specifically, the company issued 1,116,000 flow-through units to one placee at a price of 16 cents per unit. Each unit comprises one common share in the capital stock of the company, to be issued as a flow-through share, and one-half of one non-flow-through common share purchase warrant, with each whole warrant being exercisable for the purchase of an additional non-flow-through common share, at a price of 25 cents per share, for an 18-month period.
The company issued 89,280 compensation warrants and paid $10,713.60 in finders' fees in connection with the private placement. The compensation warrants are exercisable at a price of 16 cents into one non-flow-through common share for an 18-month period. In accordance with applicable securities legislation, all securities issued in the private placement are subject to a statutory hold period of four months and one day.
The proceeds from the private placement will be used to advance the exploration of the company's key 100-per-cent-owned Miller hydrothermal lump/vein graphite property.
AI
