New Carolin Amends Private Placement Terms
TheNewswire / April 18, 2016 - New Carolin Gold Corp. (the "Company" or "New Carolin") (TSXV: LAD): The Company advises that it has amended the terms of its two non-brokered private placements announced Friday, April 14, 2016 as follows:
-The first (Unit A) placement will now consist of up to 3,750,000 Units at a price of $0.07 per Unit A for proceeds of up to $262,500. Each Unit A consists of one common share and one two-year common share purchase warrant entitling the holder to purchase one additional common share at a price of $0.09 per share.
-The second (Unit B) placement will now consist of up to 10,940,000 Units at a price of $0.07 per Unit B for proceeds of up to $765,800. Each Unit B will consist of one common share and one two-year common share purchase warrant entitling the holder to purchase one additional common share at a price of $0.10 per share in the first year and $0.125 per share in the second year.
The proceeds from these placements will be used for exploration-related work on the Company's 100%-owned Ladner Gold Project in southwestern British Columbia, and for general working capital. All securities issued under both private placements are subject to a four-month plus one day hold period from their date of issuance. The Company will pay finder's fees to certain parties in connection with these private placements.
About New Carolin Gold Corp.
New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of our 100% owned property consisting of 144 square kilometers of contiguous mineral claims and crown grants, collectively known as the "Ladner Gold Project" (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 and 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
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Copyright (c) 2016 TheNewswire - All rights reserved.
