20,833,667 units were sold on a non-brokered basis at C$0.15 per unit
By Devika Patel
Knoxville, Tenn., Nov. 26 - Carlisle Goldfields Ltd. said it completed a C$3.13 million non-brokered private placement of units on Nov. 23.
The company sold 20,833,667 units of one common share and one half-share warrant at C$0.15 per unit.
Each whole warrant is exercisable at C$0.22 for two years. The strike price reflects a 46.67% premium to the Nov. 22 closing share price of C$0.15.
PowerOne Capital Markets Limited and Stifel Nicolaus Canada Inc. acted as finders.
Proceeds will be used for general corporate purposes.
Based in Toronto, Carlisle explores for gold.
| Issuer: | Carlisle Goldfields Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3,125,050
|
| Units: | 20,833,667
|
| Price: | C$0.15
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.22
|
| Agent: | Non-brokered
|
| Settlement date: | Nov. 23
|
| Stock symbol: | Toronto: CGJ
|
| Stock price: | C$0.15 at close Nov. 22
|
| Market capitalization: | C$26.29 million
|
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