Canada Carbon Inc. announced a non-brokered private placement of 7,500,000 flow-through units at a price of CAD 0.06 per flow-through unit for gross proceeds of CAD 450,000; and 833,333 non-flow through units at a price of CAD 0.06 per non flow-through unit for gross proceeds of CAD 49,999.98; for aggregate gross proceeds of CAD 499,999.98 on May 14, 2024. Each flow-through unit is comprised of one flow-through share and one-half of one common share purchase warrant. Each whole warrant shall entitle the holder thereof to acquire one common share at a price of CAD 0.12 per share for a period of 60 months from the date of issuance. Each non-flow through unit is comprised of one flow-through share and one warrant. Each warrant shall entitle the holder thereof to acquire one common share at a price of CAD 0.12 per share for a period of 60 months from the date of issuance. The company paid finders? fees to certain finders, consisting of a cash fee equal to CAD 36,000; and 600,000 common share purchase warrants. Each finder?s warrant shall entitle the holder to acquire one common share at a price of CAD 0.12 per share for a period of 60 months from the date of issuance. All securities issued pursuant to the offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

The company announced that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from three placees.