Canada Carbon Raises $560,000 at a Premium

 Canada Carbon (TSXV:CCB) announced it had closed a $560,000 private placement, issuing 2 million flow-through units at a price of $0.28 per unit. A $33,600 finder’s fee was paid to Secutor Capital Management.

According to the press release:

Each Unit is comprised of 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 (“Warrant”), with each whole Warrant being exercisable for the purchase of an additional non-flow-through common share, at a price of $0.40 per share, for an eighteen month period.

Finder’s fees of $33,600 were paid in connection with the Private Placement to Secutor Capital Management Corporation. 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.

Click here to read the Canada Carbon Inc. (TSXV:CCB) press release
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