NEW CAROLIN GOLD CORP. ("LAD") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: March 10, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 3, 2016:
Number of Shares: 22,535,000 shares
Purchase Price: $0.05 per share
Warrants: 22,535,000 share purchase warrants to purchase 22,535,000 shares
Warrant Exercise Price: $0.07 for a one year period $0.08 in the second year
Number of Placees: 23 Placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P # of Shares Robert Lunde Y 400,000
Finder's Fee: EMD Financial Inc. $40,000 cash and 800,000 warrants payable. Scarsdale Equities LLC $17,500 cash and 350,000 warrants payable. -Each warrant has the same terms as the offering warrants.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.] ________________________________________
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