Carlyle Commodities Raises $3.75 Million to Advance Silver Pony Transaction

Carlyle Commodities ( (TSE:CCC) ) has provided an announcement.

Carlyle Commodities has upsized and closed the second and final tranche of its non-brokered private placement, bringing total gross proceeds to $3.75 million in support of its proposed business combination with Silver Pony Resources. The financing, structured through subscription receipts that convert into units upon completion of the transaction, will see proceeds held in escrow until closing conditions are met, after which funds are expected to be directed toward exploration at Silver Pony’s Trout Lake projects and general working capital, while the company also plans a 20-for-1 share consolidation and has issued finder’s fees in cash and warrants to support the raise.

The most recent analyst rating on (TSE:CCC) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on Carlyle Commodities stock, see the TSE:CCC Stock Forecast page.

Spark’s Take on TSE:CCC Stock

According to Spark, TipRanks’ AI Analyst, TSE:CCC is a Neutral.

The score is primarily constrained by very weak financial performance (no revenue, ongoing losses, and negative free cash flow), only partially offset by low debt. Technical indicators are moderately supportive in the near term, but valuation remains unfavorable due to loss-making fundamentals and no dividend support.

To see Spark’s full report on TSE:CCC stock, click here.

More about Carlyle Commodities

Carlyle Commodities Corp. is a Vancouver-based mineral exploration company listed on the Canadian Securities Exchange and the Frankfurt Stock Exchange, focused on advancing resource projects such as the Trout Lake projects through strategic transactions and capital raises in the commodities sector.

Average Trading Volume: 495,826

Technical Sentiment Signal: Sell

Current Market Cap: C$1.5M

For detailed information about CCC stock, go to TipRanks’ Stock Analysis page.