New Carolin Gold Closes $220,000 Private Placement
White Rock, B.C. / TNW-ACCESSWIRE / December 19, 2014 / New Carolin Gold Corp. (the "Company" or "New Carolin") (TSXV: LAD) announces that it has closed its non-brokered private placement of 4,400,000 Units in the capital of the Company at a price of $0.05 per Unit for gross proceeds of $220,000. Each Unit consists of one Common Share and one Common Share Purchase Warrant, with each Warrant exercisable to acquire one additional Common Share of the Company at any time for a 12-month period from the date of issuance at a price of $0.10 per share. A director and officer of the Company subscribed for 200,000 Units for an investment of $10,000. The Company paid finder's fees of $17,000 on portions of the placement.
The securities issued under this private placement will be subject to a four-month plus one day hold period. The proceeds from the sale of the Units will be used for general corporate purposes.
About New Carolin Gold Corp.
New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of our strategic 144 sq. kms of contiguous mineral claims, collectively known as the Ladner Gold Project. The project is located near Hope, BC, in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous gold prospects.
For additional information, please visit the Company's website at www.newcarolingold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Robert L. Thast"
President & Chief Executive Officer
Phone: 778.294.3211
Cell: 604.220.5031
E-mail: ceo@newcarolingold.com
Web site: www.newcarolingold.com
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Exchange) accepts responsibility for the adequacy or the accuracy of this press release. We seek Safe Harbor.
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Caution concerning forward-looking information
This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
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