C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) has announced a non-brokered private placement worth up to $5 million.
The company will offer up to 100 million common shares at a price of $0.05 per share, according to a statement.
Gross proceeds raised from the Offering will be used for working capital and general corporate purposes, the company said.
Closing of the transaction is subject to TSX Venture Exchange approval.
C3 Metals is a junior minerals exploration company working on the discovery and development of large copper and gold deposits. C3 Metals also holds a 100% interest in five licenses covering 207 square kilometres of highly prospective copper-gold terrain in Jamaica and a 2% royalty in Tocvan’s Rogers Creek project in British Columbia.
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