Carlyle Commodities Corp (CSE:CCC, OTCQB:CCCFF) told investors it has closed the second and final tranche of its previously announced non-brokered private placement after issuing 6,205,705 units at $0.085 each for gross aggregate proceeds of $527,485.
Together with proceeds from the first tranche of the private placement, Carlyle noted that it raised an aggregate of $1.175 million.
The aggregate proceeds of the second tranche are targeted at advancing the company's flagship Newton Project, and general working capital.