New Carolin Gold Announces up to C$50,000 Non-Brokered Private Placement of Flow-Through Shares
04 Décembre 2013 - 7:03PM
Access Wire
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 flow-through
shares at a price of C$0.05 per flow-through share for gross
proceeds of up to C$50,000.
New Carolin Gold may
pay a finder's fee in respect of certain investors introduced to
the Company of up to 8% of the gross proceeds of the private
placements in cash.
All of 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 December 31, 2013.
The proceeds from the
sale of the flow-through shares will be used to incur Canadian
Exploration Expense ("CEE"), as defined in the Income Tax Act
(Canada). The Company will renounce such CEE to the subscribers
effective for the 2013 tax year. A portion of the placement may include BC super
flow-through shares. The funds will be used
for exploration on the Company's Ladner Gold Property in
southwestern British Columbia.
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
Phone 778 - 294 - 3211
Email ceo@newcarolingold.com
Website www.newcarolingold.com
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.
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