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Article: Canarc Closes CA$37,350 in Private Placement Financing.
- Article from:
- Marketwire Canada
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Nov 9, 2009 (Marketwire via COMTEX) -- Canarc Resource Corp. (TSX:CCM)(OTCBB:CRCUF)(DBFrankfurt:CAN) announces that it has closed the non-brokered private placement equity financing totaling CA$37,350 announced on November 2, 2009.
The private placement consisted of 304,900 units priced at CA$0.1225 per unit for gross proceeds of CA$37,350. Each unit consisted of one common share and one-half share purchase warrant. Each full warrant can be exercised to purchase one common share at CA$0.165 within an 18 month period.
A 7% finder's fee is payable in cash on a portion of this placement. The private placement is subject to the ...