New Carolin Gold Closes C$98,500 Non-Brokered Private Placement Unit Financing and Grants Stock Options
April 10 2014 - 7:14PM
Access Wire
White Rock, BC / ACCESSWIRE /
April 10, 2014/ New Carolin Gold Corp. (TSX - V: LAD)
announces today that, subject to regulatory approval, it has
closed a non-brokered private placement of 1,970,000 Units at a
price of C$0.05 per Unit for gross proceeds of C$98,500. Each Unit
will consist of one Common Share and one Common Share Purchase
Warrant. Each Warrant will be exercisable to acquire one additional
Common Share of the Company at any time for a 12-month period from
the date of issuance, at an exercise price of C$0.05 per share. The
Company paid finder's fees of $7,700.
The securities issued
under this private placement will be subject to a four-month hold
period.
The proceeds from the sale of
the Units will be used for general corporate purposes.
On April 10, 2014,
subject to the approval of the TSX Venture Exchange, the Company
granted a total of 2,200,000 stock options, of which 1,450,000
stock options were granted to directors. The stock options are
exercisable into common shares of New Carolin Gold at an exercise
price of C$0.05 per share. New Carolin Gold's common shares closed
at C$0.04 on the TSX Venture Exchange on April 9, 2014.
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
"Robert L. Thast"
Interim President & Chief Executive Officer
Phone 778 - 294 - 3211 or cell phone:
604-220-5031
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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