New Carolin Gold Announces Up To C$50,000 Non-Brokered Private Placement Of Units
04 3월 2014 - 4:01AM
Access Wire
White Rock, BC / ACCESSWIRE / March 3 2014 /
New Carolin Gold Corp. (TSX - V: LAD) announces today
that, subject to regulatory approval, it intends to complete a
non-brokered private placement of up to 1,000,000 units at a price
of C$0.05 per unit for gross proceeds of up to C$50,000. Each unit
will consist of one common share and one common share purchase
warrant. Each warrant will be exercisable to acquire one additional
common share of the Company at any time for a 12-month period from
the date of issuance, at an exercise
price of C$0.05 per share. The Company
may pay a finder's fee in respect of certain investors introduced
to the Company of up to 10% of the gross proceeds of the private
placement in cash.
The securities issued under
this private placement will be subject to a four-month hold period.
The private placement is expected to close no later than March 11,
2014.
The proceeds from the sale of
the units will be used for general corporate purposes.
About New Carolin
Gold Corp.
New Carolin Gold is a Canadian-based
junior mineral exploration and development company engaged in the
acquisition, exploration, evaluation and development of 144 sq kms
of contiguous mineral claims, collectively known as the Ladner Gold
Project, located along the prospective and under-explored
Coquihalla Gold Belt located in southwestern British Columbia,
which is host to several historic small gold producers including
the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous
gold prospects.
For further Company and
technical information, please visit the Company's website at
www.newcarolingold.com.
ON BEHALF OF THE
BOARD OF DIRECTORS
"Bruce W. Downing"
Bruce W. Downing, M.Sc., P.Geo, Hon.FEC
President & Chief Executive Officer
Office778 - 294 - 3211
Email bwdowning@shaw.ca
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
the accuracy of this press release. We seek Safe Harbor.
Not for distribution in the United States.
Caution concerning forward-looking
information
This news release may contain
forward-looking statements that are based on the Company's
expectations, estimates and projections regarding its business and
the economic environment in which it operates. These
statements are not guarantees of future performance and involve
risks and uncertainties that are difficult to control or predict.
Therefore, actual outcomes and results may differ materially from
those expressed in these forward-looking statements and readers
should not place undue reliance on such statements. Statements
speak only as of the date on which they are made, and the Company
undertakes no obligation to update them publicly to reflect new
information or the occurrence of future events or circumstances,
unless otherwise required to do so by law.
New Carolin Gold (TSXV:LAD)
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New Carolin Gold (TSXV:LAD)
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