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.
For further insights into TSE:CCC stock, check out TipRanks’ Stock Analysis page.
