Carlyle Commodities Corp (CSE:CCC, OTCQB:CCCFF) said it intends to complete a non-brokered private placement of up to 12,000,000 units at $0.085 each to raise up to $1,020,000.
Each unit will consist of one common share and one common share purchase warrant. Each warrant entitles holders to purchase one share at a price of $0.15 each for a period of 36 months.
The mineral exploration company intends to use the proceeds to advance its Newton Project and as general working capital.