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SIGNS AGREEMENT WITH ABC SOLUTIONS FOR KOREAN TOURISM ORGANIZATION Datametrex AI Ltd. (DM.V) has.
AGREES TO ACQUIRE UP TO 90% OF CRYPTOCURRENCY MINING OPERATION Block One Capital Inc. (BLOK.V) has.
SIGN BINDING LETTER OF INTENT TO DEVELOP CANNABIS AND HEMP DERIVED ALCOHOLIC AND NON-ALCOHOLIC.
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New Carolin Closes $530,000 First Tranche of Placement
CLOSES FIRST TRANCHE OF FLOW-THROUGH FINANCING AND ANNOUNCES $500,000 NON-FLOW THROUGH PLACEMENT
New Carolin Gold Corp. (LAD.V) has closed on $530,000 of the $1.1-million flow-through financing announced Nov. 4, 2016, issuing 6,625,000 flow-through common shares in the capital stock of the company at a price of eight cents per FT share. The company expects to close the second tranche of up to $570,000 within the next few weeks.
Each FT share will be designated as a flow-through share pursuant to the Income Tax Act (Canada). The proceeds from the FT offering will be used to finance qualified Canadian exploration expenditures (CEE) work on the company’s Ladner gold project in southwestern British Columbia. All securities issued in connection with the FT offering are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation.
The company has also arranged a working capital financing of up to $500,000 by way of the private placement of up to 7,142,857 non-flow-through units in the capital stock of the company at a price of seven cents per NFT unit. Each NFT unit will consist of one non-flow-through common share of the company and one warrant to purchase one additional NFT common share at a price of 10 cents per share for a period of two years from the date of closing.
Proceeds from the NFT offering will be used for working capital required for the upcoming phase 2 underground work program and general corporate purposes. Finders’ fees may be paid on portions of the NFT offering in accordance with TSX Venture Exchange regulations. All securities issued in connection with the NFT offering are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation.