CANADA CARBON ANNOUNCES PRIVATE PLACEMENT OF FLOW-THROUGH UNITS

Toronto, ON, Canada, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the "Company") (TSX-V : CCB) is pleased to announce a non-brokered private placement of up to 27,500,000 flow-through units (each, a “FT Unit”) at a price of $0.02 per FT Unit for agg­regate gross proceeds of up to $550,000 (the “Offering”). Each FT Unit shall be comprised of one (1) flow-through share in the capital of the Company (each, a “FT Share”) and one (1) common share purchase warrant (each, a “Warrant”). Each whole Warrant shall entitle the holder thereof to acquire one (1) common share in the capital of the Company at a price of $0.07 per share for a period of 60 months from the date of issuance. The FT Shares will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada).

Read more at globenewswire.com