Carlin Gold closes $240,000 private placement

Executive Summary

• Carlin Gold Corp. closed a non‑brokered private placement of 800,000 units at $0.30 per unit, raising gross proceeds of $240,000.
• Each unit includes one common share and one warrant to purchase an additional share at $0.55 for up to 24 months; warrants are subject to a four‑month hold period.
• The company announced the addition of three technical/financial advisers: Fareed Ahamed, Craig Roberts, and Cal Everett.

Key Details

• Units Issued: 800,000 units (each = 1 common share + 1 warrant).
• Price per Unit: $0.30.
• Gross Proceeds: $240,000.
• Warrant Terms: Right to purchase one additional common share at $0.55 per share; exercisable for 24 months from issuance.
• Hold Period: All securities subject to a four‑month hold period under Canadian securities laws, plus any applicable foreign restrictions.
• Regulatory Conditions: Closing pending final acceptance by the TSX Venture Exchange and other required regulatory approvals.
• Use of Proceeds: General working capital purposes.
• Finder’s Fees: None payable in connection with this placement.
• Technical/Financial Advisers Added: Fareed Ahamed, Craig Roberts, Cal Everett.

Notable Quotes

(No direct quotes were provided in the release.)