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OAKVILLE, ONTARIO--(Marketwire - March 6, 2013) - Canada Carbon Inc. (the "Company") (TSX VENTURE:CCB), (FRANKFURT:U7N1) announces that it has closed a non-brokered private placement (the "Private Placement") which raised gross proceeds of $500,000. Specifically, the Company issued 3,750,000 units ("Units") and 1,250,000 flow-through units ("Flow-Through Units"). Each Unit consists of one common share in the capital of the Company ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Flow-Through Unit consists of one flow-through Common Share in the capital of the Company and one (non flow-through) Warrant. Each Warrant is exercisable for the purchase of an additional Common Share for a period of two years from closing at $0.20 per Common Share. |
