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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 30, 2013) - Canada Carbon Inc. (the "Company") (TSX VENTURE:CCB) announces that it has closed a non-brokered private placement (the "Private Placement") which raised gross proceeds of $300,000 (the "Gross Proceeds"). Specifically, the Company issued 2,000,000 units ("Units") at $0.15 with each Unit consisting of one common share in the capital of the Company ("Common Share") and one half of one Common Share purchase warrant ("Warrant"), with each whole Warrant being exercisable for the purchase of an additional Common Share for a period of three years from closing at $0.25 per Common Share. In accordance with applicable securities legislation, the securities issued in the Private Placement are subject to a statutory hold period expiring on December 1, 2013. |
