TORONTO, June 21, 2013 (GLOBE NEWSWIRE) -- Carlisle Goldfields Limited ("Carlisle" or the "Company",) (TSX:CGJ) (OTCQX:CGJCF) is pleased to announce that it has completed the second closing of a non-brokered private placement of units (each, a " Unit"). The Company will issue up to 26,166,666 Units at a price of $0.06 per Unit for gross proceeds of up to $1,450,000 (the " Offering"). Each Unit will consist of one common share of the Company (each, a " Common Share") and one Common Share purchase warrant of the Company (" Warrant") exercisable for a period of 48 months from the date of closing. Each Warrant shall be exercisable to purchase one Common Share of the Company at a price of $0.10 per share.
On closing of the second tranche, the Company raised an additional $420,000 and issued 6,999,999 Common Shares and 7,599,999 Warrants, inclusive of compensation paid to finders in connection with the Offering.
The proceeds from the Offering will be used for a Preliminary Economic Assessment on the collective properties in the Company's Lynn Lake Gold Camp and general corporate purposes.The transactions described herein are subject to the final acceptance of the Toronto Stock Exchange (" TSX"). About Carlisle: Carlisle Goldfields Limited is a Canadian-based gold exploration and development company focused on development of its Lynn Lake Gold Camp in the Lynn Lake Greenstone Belt of Northern Manitoba, covering approximately 20,000 hectares, which includes the former MacLellan Gold mine and two other former producing gold mines as well as numerous other historically identified gold zones, all within close distance of the town of Lynn Lake. The Lynn Lake Gold Camp has five NI 43-101 compliant resource estimates containing 2.75 M oz of Gold in the Measured and Indicated Categories and 2.28 M oz of Gold in the Inferred Category.
|Project||Resource Category||MacLellan Mine||Burnt Timber||Linkwood||Last Hope||Farley Lake Mine||Combined Projects|
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