Canada Carbon Announces Plans for Private Placement

Canada Carbon Inc. (TSXV:CCB), a graphite mining and production company, has announced its plans to complete up to 5,000,000 units of non-brokered private placement valued at $0.10 per unit.

As quoted in the press release:

It is currently anticipated that certain insiders of the Company will be participating for greater than 25% of the Private Placement. The net proceeds from the Private Placement will be used primarily for general working capital.

Click here to read the full Canada Carbon Inc. (TSXV:CCB) press release.