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TORONTO, ONTARIO--(Marketwire - Dec. 30, 2011) - Carlisle Goldfields Limited (TSX:CGJ) ("Carlisle" or the "Company") announces that it successfully completed its non-brokered private placement (the "Offering") of 5,000,000 flow-through units (each, a "FT Unit") at a price of $0.20 per FT Unit for gross proceeds of $1,000,000.
Pursuant to the Offering, the Company issued 5,000,000 FT Units at a price of $0.20 per FT Unit for gross proceeds of $1,000,000, with each FT Unit comprised of one flow-through share (each, a "Flow-Through Share") and one half of a flow-through warrant (each whole warrant, a "Warrant"), with each whole Warrant entitling the holder to purchase one additional non-flow-through common share of the Company (each, a "Common Share") for $0.27 within eighteen (18) months from December 30, 2011. |
