C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) announced it will raise $4.5 million through a fully subscribed, non-brokered private placement.
Proceeds of the placement will be used for exploration programs at C3 Metals’ projects in Jamaica; for exploration programs, permitting, and property costs for its projects in Peru; and for working capital and general corporate purposes.
Under the private placement, the company will issue 15 million shares at $0.30 each.
It is expected that the financing will close on October 9, 2024.
C3 Metals is focused on creating value for its shareholders through the discovery and development of large copper and gold deposits.