Canada Carbon Inc. Announces a New Private Placement
Canada Carbon Inc. (the "Company") (TSX-V: CCB) is thrilled to reveal an initiative to attract investors through a non-brokered private placement. This strategic move enables the Company to issue up to 35,000,000 units at a price of $0.02 per unit, aiming for total gross proceeds of up to $700,000.
Understanding the Details of the Offering
Each unit offered consists of one common share and one common share purchase warrant. This arrangement allows investors to purchase one common share at $0.06 per share for a duration of 60 months following issuance. Such terms are structured to appeal to both current and prospective shareholders.
Use of Proceeds
The funds acquired through this offering will be vital for enhancing the Company’s corporate structure and facilitating general working capital. This allocation of funds is crucial for sustaining operations and furthering strategic goals.
Regulatory Compliance and Conditions
The closing of this offering hinges on various conditions, including the successful acquisition of necessary regulatory approvals. Ensuring compliance with these regulations demonstrates the Company's commitment to operating with integrity and transparency.
Important Notices for Investors
Investors should note that all securities issued under this offering will face a hold period of four months plus a day post-issuance, in line with securities legislation. This measure is in place to protect the integrity of the securities market.
Finder’s Fees Consideration
In connection with the offering, Canada Carbon Inc. may engage in discussions concerning finder’s fees. Eligible parties could receive a cash fee equal to 8% of the gross proceeds, alongside finder’s warrants that mirror the offering structure.
Restrictions and Regulations
This announcement emphasizes that the offering does not constitute an invitation to sell securities within the United States. The securities have not received registration under the U.S. Securities Act of 1933 and thus cannot be offered or sold in the U.S. or to U.S. persons unless properly registered or exempt.
Leadership Commitment
The initiative is led by "Ellerton Castor", the Chief Executive Officer and Director of Canada Carbon Inc. Under his guidance, the Company seeks to navigate the complexities of financing while fostering growth and community engagement.
Contact Information for Inquiries
For more information, interested parties can reach out via email at info@canadacarbon.com or call at (905) 407-1212. Engaging with the company's leadership can provide investors and community members insights about the strategic direction and growth plans.
Frequently Asked Questions
What is the goal of the private placement announced by Canada Carbon Inc.?
The primary goal is to raise funds through the issuance of units, which will support corporate operations and working capital.
What are the terms of the offered units?
Each unit consists of one common share and one purchase warrant which allows buying additional shares at a predetermined price over a specified period.
What is the duration for which shares can be purchased at the offering price?
The common share purchase warrants allow holders to purchase shares at $0.06 for 60 months from issuance.
How may the funds raised be utilized by Canada Carbon Inc.?
Funds will primarily be used for general working capital and corporate needs to strengthen the company's financial position.
What is the significance of the hold period for the units issued?
The hold period ensures compliance with regulatory requirements, protecting both the Company and the investors in the interim period following issuance.
