New Carolin Gold Receives Final Acceptance from TSXV for C$20,000 Non-Brokered Private Placement of Flow-Through Shares
January 06 2014 - 12:47PM
Access Wire
New
Carolin Gold Corp. (TSX - V: LAD) announces
today that it has received final acceptance from the TSX Venture
Exchange for a non-brokered private placement of 400,000
flow-through shares at a price of C$0.05 per flow-through share for
gross proceeds of C$20,000, all of which were purchased by a
director of the Company. The private placement closed on December
31, 2013.
No finder's fees were paid in this
private placement.
All of the securities
issued under this private placement will be subject to a four-month
hold period.
The proceeds from the
sale of the flow-through shares will be used to incur Canadian
Exploration Expense ("CEE"), as defined in the Income Tax Act
(Canada). The Company will renounce such CEE to the subscriber
effective for the 2013 tax year. The funds will be used for
exploration on the Company's Ladner Gold Property in southwestern
British Columbia.
About New Carolin
Gold Corp.
New Carolin Gold is a
Canadian-based junior mineral exploration and development company
engaged in the acquisition, exploration, evaluation and development
of 144 sq kms of contiguous mineral claims, collectively known as
the Ladner Gold Project, located along the prospective and
under-explored Coquihalla Gold Belt located in southwestern British
Columbia, which is host to several historic small gold producers
including the Carolin Mine, Emancipation Mine, Pipestem Mine and
numerous gold prospects.
For further Company
and technical information, please visit the Company's website
at www.newcarolingold.com.
ON BEHALF OF THE
BOARD OF DIRECTORS
"Bruce W. Downing"
Bruce W. Downing, M.Sc., P.Geo.,
Hon.FEC
President & Chief Executive Officer
Phone 778 - 294 - 3211
Email ceo@newcarolingold.com
Website www.newcarolingold.com
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
the accuracy of this press release. We seek Safe Harbor.
Not for distribution in the United States.
Caution concerning forward-looking
information
This news release may contain
forward-looking statements that are based on the Company's
expectations, estimates and projections regarding its business and
the economic environment in which it operates. These statements are
not guarantees of future performance and involve risks and
uncertainties that are difficult to control or predict. Therefore,
actual outcomes and results may differ materially from those
expressed in these forward-looking statements and readers should
not place undue reliance on such statements. Statements speak only
as of the date on which they are made, and the Company undertakes
no obligation to update them publicly to reflect new information or
the occurrence of future events or circumstances, unless otherwise
required to do so by law.
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