Carlyle Announces Closing of Second Tranche of Unit Offering and Amendment to Sunset Property Option Agreement
CARLYLE COMMODITIES CORP. (CSE:CCC, FSE:1OZ, OTC:DLRYF) (“Carlyle” or the “Company”) is pleased to announce that, further to its news release dated March 27, 2020, it has completed the second tranche of its non-brokered private placement consisting of the issuance of up to 13,333,333 units (each, a “Unit”) at a price of $0.075 per Unit for gross aggregate proceeds of up to $1,000,000 (the “Offering”), pursuant to which the Company issued 8,628,333 Units for total gross aggregate proceeds of approximately $647,125. The Company has raised total aggregate proceeds of $847,125 from the closings of the first and second tranches of the Offering.
CARLYLE COMMODITIES CORP. (CSE:CCC, FSE:1OZ, OTC:DLRYF) (“Carlyle” or the “Company”) announces that it has given notice to Triple Nine Resources Ltd. (the “Optionor”) to terminate Carlyle’s option to acquire an 80% interest in the Four Corners Project, consisting of 7655 hectares located in western Newfoundland, 25km east of the town of Stephenville, Newfoundland (the “Four Corners Project”). The Four Corners Project was optioned to the Company pursuant to an option agreement (the “Option Agreement”) dated May 17, 2019 between the Company and the Optionor.