Company sells 21,721,000 units of one share and one warrant at C$0.05
By Devika Patel
Knoxville, Tenn., Feb. 6 - Carlisle Goldfields Ltd. said it raised C$1.09 million in a non-brokered private placement of units.
The company sold 21,721,000 units of one common share and one warrant at C$0.05 per unit.
Each warrant is exercisable at C$0.06 for four years. The strike price reflects a 20% premium to the Feb. 5 closing share price of C$0.05.
Proceeds will be used for the 2014 work plan.
Based in Toronto, Carlisle explores for gold.
| Issuer: | Carlisle Goldfields Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1,086,050
|
| Units: | 21,721,000
|
| Price: | C$0.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Four years
|
| Warrant strike price: | C$0.06
|
| Agent: | Non-brokered
|
| Settlement date: | Feb. 6
|
| Stock symbol: | Toronto: CGJ
|
| Stock price: | C$0.05 at close Feb. 5
|
| Market capitalization: | C$13.64 million
|
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