Carlyle Commodities (TSE:CCC) has released an update.
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Carlyle Commodities Corp. successfully completed the final phase of its non-brokered private placement, raising a total of $349,000 through the issuance of over 8.7 million units aimed to fund its Newton Project and general capital needs. Each unit, priced at $0.04, includes a share and a warrant, the latter allowing the purchase of an additional share at $0.10 within a three-year span. The company paid no finder’s fees for the second tranche but did pay $4,800 and issued 120,000 finder’s warrants for the entire placement.
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