Vancouver, British Columbia – April 10, 2023 – C2C Gold Corp. (CSE: CTOC, OTCQB: CTCGF) (“C2C Gold” or the “Company”) is pleased to announce that it has closed a private placement of 8,600,000 units (the “Units”) at a price of C$0.05 per Unit for aggregate gross proceeds of C$430,000 (the “Offering”).
Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire an additional common share at a price of $0.10 for a period of 24 months following the closing of the Offering.
The securities were offered by way of the listed issuer exemption under Part 5A of Canadian National Instrument 45-106 – Prospectus Exemptions and are not subject to a hold period pursuant to applicable Canadian securities laws, except for securities issued to directors, officers and certain other prescribed persons under stock exchange rules.
C2C Gold Corp. is a mineral exploration company focused on advancing gold projects in Canada’s Newfoundland. C2C Gold holds one of the largest land positions on the Central Newfoundland Gold Belt and through the acquisition of The Rock Gold Corp., now includes numerous projects lying along the major gold bearing crustal scale structural zones. C2C Gold’s portfolio covers a pipeline of projects from early exploration stage through drill-ready with known gold occurrences. C2C Gold also holds a portfolio of projects within the prolific White Gold and Klondike districts in Canada’s Yukon.
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Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
The securities issued pursuant to the Offering have not, and will note be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.