Carlyle Commodities Completes Initial Funding Tranche

Carlyle Commodities (TSE:CCC) has released an update.

Carlyle Commodities Corp. successfully closed the initial $100,000 tranche of its unit offering, issuing 2.5 million units to fund its Newton Project and for general corporate purposes. Each unit, priced at $0.04, comprises one common share and a warrant, which allows the purchase of an additional share at $0.10 within three years. The offering also involved the issuance of finder’s warrants and is subject to a statutory hold period of four months plus one day.

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