New Carolin Completes Loan Transactions
Vancouver, BC / TheNewswire / September 24, 2015 - New Carolin Gold Corp. (the "Company") (TSXV: LAD) is pleased to report that further to its news releases of June 23, 2015 and September 17, 2015, the Company has completed two proposed loan transactions and received an aggregate $210,000. As reported on September 17, 2015, the Company has used the proceeds of the loans to complete the acquisition of an additional 30% interest in the mineral claims and crown grants of the Company's Ladner Gold Project held by Century Mining Corp. Inc. and Tamerlane Ventures Inc..
Each loan has a term of one year with interest payable at 13% per annum to be calculated and paid quarterly. In consideration of the loans, the Company has issued 4,200,000 bonus warrants ("Warrants") to the lenders. Each Warrant is exercisable into one common share of the Company at a price of $0.05 for one year from the date of issue. A director of the Company has been issued 200,000 Warrants as consideration for his participation in the loans.
About New Carolin Gold Corp.
New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of our strategic 144 sq. km of contiguous mineral claims, collectively known as the Ladner Gold Project. The project is located near Hope, BC, in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous gold prospects.
For additional information, please visit the Company's website at www.newcarolingold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Robert L. Thast"
President & Chief Executive Officer
Phone: 604-542-9458
Cell: 604.220.5031
E-mail: ceo@newcarolingold.com
Web site: www.newcarolingold.com
Neither the 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 the accuracy of this press release.
Caution concerning forward-looking information
This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
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