Canada Carbon Provides Update on Share Capitalization
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 2, 2015) - Canada Carbon Inc. (the "Company") (TSX VENTURE:CCB)(FRANKFURT:U7N1)(OTC PINK:BRUZF) provides an update on the Company's share capitalization. Since February 1st, 2015, the Company has received gross proceeds of $835,000 from the exercise of warrants.
| Share Capital Structure as at March 2nd, 2015 | ||||||
| Exercise Price | Expiry Dates | |||||
| Shares issued and outstanding | 90,275,794 | |||||
| Warrants outstanding | 6,366,280 | $0.16-$0.40 | June 23, 2015 - Jan 6, 2017 | |||
| Options outstanding | 5,335,000 | $0.10-$0.50 | Apr 1, 2015 - Oct 30, 2019 | |||
| Fully Diluted as of March 2, 2015 | 101,977,074 | |||||
Canada Carbon's Executive Chairman and CEO Mr. R. Bruce Duncan stated, "We are pleased that we have seen such an influx of working capital in the month of February. These funds will enable us to conduct an expanded exploration program on our 100% owned Miller hydrothermal lump/vein graphite project."
On Behalf of the Board of Directors
CANADA CARBON INC.
R. Bruce Duncan, CEO and Director
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
