Welcome to our dedicated page for Canada Carbon news (Ticker: BRUZF), a resource for investors and traders seeking the latest updates and insights on Canada Carbon stock.
CANADA CARBON INC ORD (BRUZF) is a Canadian company engaged in the exploration and development of graphite mining properties. The company's focus is on developing its flagship Miller Graphite Property located in Quebec, Canada. With a strong emphasis on sustainability and environmental responsibility, CANADA CARBON is dedicated to producing high-quality graphite products for various industrial applications, including lithium-ion batteries, fuel cells, and lubricants.
Canada Carbon has successfully closed a non-brokered private placement, raising gross proceeds of $500,000. This includes 7,500,000 flow-through units (FT Units) at $0.06 each, totaling $450,000, and 833,333 non-flow-through units (NFT Units) at $0.06 each, totaling $50,000. Each FT Unit comprises one flow-through share and a half warrant, whereas each NFT Unit comprises one share and one warrant. Warrants allow the purchase of one common share at $0.12 for 60 months. The company will use the proceeds from FT Units for eligible expenses and NFT Units for general corporate purposes. A finder's fee of $36,000 and 600,000 warrants was paid. All securities are subject to a four-month plus one-day hold period.
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