CTCGF - C2C Gold Completes $950000 Over-Subscribed Private Placement
(TheNewswire)
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Vancouver, British Columbia – TheNewswier - December 21, 2023: C2C Gold Corp. (CSE:CTOC)(the “Company” or “C2C”) announced today the completion of anover-subscribed private placement of 23,750,000Units at a price of $0.04 per Unit for gross proceeds of $950,000. Each Unit consists of one common share and ½ warrant at exerciseprice of $0.06 per share with an expiry date of 24 months from theclosing date.
The proceeds of the private placement will be used tofund exploration expenditures on the Company’s mineral explorationprojects, potential future property acquisitions and general andadministrative expenses. In connection with theOffering, the Company paid finder’s fees of $50,400 in cash and1,225,000 broker warrants. Each broker’s warrant is exercisable intoone Common Share at a price of $0.06 per share for a period of twoyears from the closing date. PowerOne CapitalMarkets Limited acted as a finder in connection with a portion of theOffering.
The securities are subject to a four month hold periodunder Canadian securities laws. The securitiesoffered have not, nor will they be registered under the UnitedStates Securities Act of 1933 , asamended, and may not be offered or sold within the United States orto, or for the account or benefit of, U.S. persons in the absence ofU.S. registration or an applicable exemption from the U.S.registration requirements. This release does not constitute an offerfor sale of securities in the United States.
C2C is a Canadian mineral exploration company which holds a portfolio of uranium, gold andcopper projects inCanada’s Newfoundland & Labrador and the Yukon.
Chris Huggins , Chief Executive Officer
(604) 968-4844
chuggins@c2cgold.com
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release may include forward-lookingstatements that are subject to risks and uncertainties and can beidentified by the use of forward-looking terminology such as“expected”, “will be”, “anticipated”, “may” orvariations of such words and phrases or statements that certainactions, events or results “will” occur. All statements within,other than statements of historical fact, are to be considered forwardlooking. Forward-looking statements in this news release include butare not limited to: the structure of the Option; the exercise of theOption; and the completion of the Joint Venture. Although theCompany believes the expectations expressed in such forward-lookingstatements are based on reasonable assumptions, such statements arenot guarantees of future performance and actual results ordevelopments may differ materially from those in forward-lookingstatements. Factors that could cause actual results to differmaterially from those in forward-looking statements include marketprices, continued availability of capital and financing, and generaleconomic, market or business conditions. There can be no assurances that such statements will prove accurateand, therefore, readers are advised to rely on their own evaluation ofsuch uncertainties. We do not assume any obligation to update anyforward-looking statements except as required under the applicablelaws.
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