Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Carlisle Goldfields Announces Proposed Non-Brokered Private Placement of Flow-Through Units
Published : December 29, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Gold | Gold Mine | Gold Mines | K Street | Market | Silver |

TORONTO, ONTARIO--(Marketwire - Dec. 29, 2011) - Carlisle Goldfields Limited (News - Market indicators) ("Carlisle" or the "Company") announces a proposed non-brokered private placement (the "Offering") of up to 5,000,000 flow-though units (each, a "FT Unit") at a price of $0.20 per FT Unit for gross proceeds of up to $1,000,000, or such other number of units or amount of gross proceeds as the Company may determine.

Pursuant to the Offering, the Company proposes to issue up to 5,000,000 FT Units at a price of $0.20 per FT Unit for gross proceeds of $1,000,000, with each FT Unit comprised of one flow-through share (each, a "Flow-Through Share") and one half of a flow-through warrant (each whole warrant, a "Warrant"), with each whole Warrant entitling the holder to purchase one additional non-flow-through common share of the Company (each, a "Common Share") for $0.27 within eighteen (18) months from the closing date.

The Flow-Through-Shares, Warrants and Common Shares issuable upon the exercise of the Warrants will be subject to a standard regulatory "hold period" of four (4) months from the closing date of the Offering.

The Offering is subject to all necessary regulatory approvals, including the final acceptance of the Toronto Stock Exchange ("TSX").

The gross proceeds to Carlisle from the sale of the FT Units will be used for exploration work on Carlisle's properties in Canada.

Prior to the closing of this Offering, Carlisle has a total of 147,342,847 common shares issued and outstanding.

About Carlisle: Carlisle Goldfields Limited is a Canadian-based gold exploration and development company, focused on development of its wholly owned mining leases and claims in the Lynn Lake Greenstone Belt of Northern Manitoba, covering approximately 20,000 hectares which include the former MacLellan Gold mine and two other former producing gold mines as well as numerous other historically identified Gold Zones all within close proximity to the town of Lynn Lake.

In mid-2010 (see News Release dated July 26, 2010), Carlisle announced a NI 43-101 compliant Resource Estimate on the MacLellan Gold Property in Lynn Lake, Manitoba, which included Total Open Pit and Underground Resources having increased to 5.3 million tonnes containing 658,200 ounces of AuEq (Gold Equivalent) at an average grade of 3.85 g/t AuEq (3.59 g/t Au (gold) and 19.3 g/t Ag (silver)) in the Measured and Indicated categories and 4.4 million tonnes containing 506,200 ounces of AuEq at an average grade of 3.56 g/t AuEq (2.9 g/t Au (gold) and 42.4 g/t Ag (silver)) in the Inferred category. The current Measured and Indicated Category represents 55% of the total resource tonnage.

This press release does not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The Flow-Through Shares, Common Shares and other securities of the Company have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent an applicable exemption from the registration requirements.

Except for statements of historical fact contained herein, the information in this press release may constitute "forward-looking information" within the meaning of Canadian securities law. Other than statements of historical fact, all statements are "Forward-Looking Statements", including statements regarding the use of the proceeds from the Offering, that involve various known and unknown risks and uncertainties and other factors, such as the risk that the Offering may not close and the proceeds therefrom may not be made available to Carlisle. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, Carlisle expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

Neither IIROC nor the TSX accepts responsibility for the adequacy or accuracy of this release.

Carlisle Goldfields Limited
Bruce Reid
President and Chief Executive Officer
647-500-4495
br@carlislegold.com
or
Carlisle Goldfields Limited
Carl McGill
Vice President, Corporate Development
416-278-8406
cmcgill@carlislegold.com
or
Carlisle Goldfields Limited
2702 - 401 BAY STREET
TORONTO, ONTARIO, CANADA
info@carlislegold.com
www.carlislegold.com
Companies Mentionned : Carlisle | Reliance | Total |
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Carlisle Goldfields Limited

CODE : CGJ.TO
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Carlisle is an exploration gold company based in Canada.

Carlisle holds various exploration projects in Canada.

Its main exploration properties are LYNN LAKE GABBROS and MCLELLAN in Canada.

Carlisle is listed in Canada and in United States of America. Its market capitalisation is CA$ 29.6 millions as of today (US$ 20.9 millions, € 19.2 millions).

Its stock quote reached its lowest recent point on October 31, 2008 at CA$ 0.01, and its highest recent level on July 29, 2011 at CA$ 2.34.

Carlisle has 54 830 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Carlisle Goldfields Limited
11/14/2014Russia’s Nordgold makes 140% premium bid to buy Canada’s Car...
Annual reports of Carlisle Goldfields Limited
Annual Report 2007
Financings of Carlisle Goldfields Limited
11/23/2012Closes Private Placement of Units for Gross Proceeds of $3,1...
12/29/2011Announces Proposed Non-Brokered Private Placement of Flow-Th...
8/6/2008Flow-Through Audit and Management Changes
Option Grants of Carlisle Goldfields Limited
10/21/2011Grants Options to Recently Appointed CFO and Controller
Nominations of Carlisle Goldfields Limited
12/23/2013Announces Election of Abraham Drost and Nick Tintor to the B...
2/27/2012Announces the Appointment of New Director
11/22/2011Strengthens Management Team and Appoints Geological Advisory...
Project news of Carlisle Goldfields Limited
9/27/2011(Mclellan)Exploration of MacLellan Deposit and Surrounding Area Contin...
8/4/2011Initiates Preliminary Economic Assessment
8/14/2008(Lynn Lake Gabbros)Drilling at the Maclellan Gold Mine Continues to Intersect M...
6/18/2008(Lynn Lake Gabbros)Drilling at Maclellan Gold Mine Continues to Intersect Multi...
5/15/2008(Lynn Lake Gabbros)Update on 2008 Drilling at MacLellan Gold Mine, Lynn Lake
3/18/2008(Lynn Lake Gabbros)Carlisle Adds Second Drill to MacLellan Program
1/22/2008(Lynn Lake Gabbros) to Commence Phase II Diamond Drilling Program at MacLellan ...
Corporate news of Carlisle Goldfields Limited
1/20/2016Get full quote
1/19/2016Get full quote
1/18/2016Get full quote
1/15/2016Get full quote
1/14/2016Get full quote
1/13/2016Get full quote
1/12/2016Get full quote
1/11/2016Get full quote
1/8/2016Get full quote
12/17/2015Carlisle Goldfields Receives Shareholder Approval for Plan o...
12/11/2015CARLISLE GOLDFIELDS LIMITED REMINDS ITS SHAREHOLDERS TO VOTE...
12/3/2015ISS AND GLASS LEWIS RECOMMEND THAT CARLISLE GOLDFIELDS LIMIT...
11/24/2015Filings: Proxy
11/24/2015Filings: Management Information Circular
11/24/2015Filings: Letter to Security Holders
11/24/2015Filings: Notice of Meeting
11/24/2015Filings: Letter of Transmittal
11/24/2015Carlisle Goldfields Mails and Files Meeting Materials for Up...
10/14/2015IIROC Trade Resumption - CGJ; ENF
10/14/2015Carlisle Goldfields in Discussions for Potential Transaction
10/13/2015IIROC Trading Halt - CGJ
9/15/2015Carlisle Announces Exploration Drilling at Lynn Lake; Discov...
9/8/2015Carlisle Announces Appointment of Jamie Porter to the Board ...
8/4/2015Carlisle Goldfields Announces Infill Drill Results on the Fa...
6/10/2015Carlisle Announces High Grade Exploration Drill Results Outs...
4/29/2015Carlisle Announces a Feasibility Update and the Start of Exp...
3/13/2015Carlisle to host Manitoba Chief at PDAC
2/27/2015Carlisle signs Exploration Agreement with First Nation
2/9/2015Carlisle Signs Exploration Agreement With First Nation
1/26/2015Carlisle Completes Share Consolidation
1/15/2015Carlisle's Lynn Lake Joint Venture to Spend CAD$13 Million i...
1/15/2015Carlisle Goldfields Annual General and Special Meeting Votin...
1/8/2015Carlisle Goldfields Announces Annual General and Special Mee...
11/13/2014IIROC Trade Resumption - CGJ
11/13/2014IIROC Trading Halt - CGJ
11/13/2014Russia's Nord Gold wants to buy Canada's Carlisle for $24 ml...
11/11/2014IIROC Trade Resumption - CGJ
11/11/2014IIROC Trading Halt - CGJ
11/13/2013Canadian Orebodies Announces Option Agreement with Carlisle ...
5/14/2013Announces Successful Exploration Program that Delineates Mea...
3/27/2013Announces Positive Drilling Results from its Farley Lake Min...
3/7/2013Announces Extension of Option Agreement on Last Hope and Ini...
2/12/2013Announces Completion of Option by Ryan Gold for Minority Int...
1/15/2013Announces Initial Linkwood Inferred Resource Estimate of 783...
1/15/2013Announces Initial Linkwood Inferred Resource Estimate of 783...
1/15/2013Announces Initial Linkwood Inferred Resource Estimate of 783...
11/14/2012on 2012 Drilling Programs on its Lynn Lake Camp Properties
10/26/2012Ryan Gold Corp. and Carlisle Goldfields Limited Announce Exe...
10/3/2012Announces Positive Drilling Results from Its Farley Lake Min...
9/24/2012Announces Initial Burnt Timber Inferred Resource Estimate of...
9/19/2012Announces Positive Drilling Results from its New Linkwood Pr...
9/12/2012Announces Positive Drilling Results from Its Last Hope Proje...
7/9/2012Announces Initial Results from Its Last Hope Drill Program
6/26/2012s 2012 Drilling Programs on its Lynn Lake Properties
4/2/2012Joins OTCQX
3/19/2012Commissions Tetra Tech to Carry Out Preliminary Feasibility ...
3/13/2012Updated Resource on the MacLellan Mine Project Triples Measu...
2/17/2012Exploration of MacLellan Mine Project Continues to Deliver P...
12/6/2011Signs Memorandum of Understanding with Marcel Colomb First N...
7/2/2008Management Changes at Carlisle
6/25/2008President & CEO Interview
4/29/2008MacLellan Zone Continues to Reward at Depth
1/23/2008President & CEO Interview
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (CGJ.TO)OTHER OTC (CRSEF)
0.540-3.57%0.284+1.43%
TORONTO
CA$ 0.540
01/08 15:43 -0.020
-3.57%
Prev close Open
0.560 0.560
Low High
0.510 0.570
Year l/h YTD var.
0.510 -  0.560 5.88%
52 week l/h 52 week var.
0.210 -  0.640 100.00%
Volume 1 month var.
35,000 -%
24hGold TrendPower© : 36
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
20165.88%0.570.47
201596.15%0.640.20
20140.00%0.590.13
2013-71.43%1.110.26
2012-26.32%2.020.72
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Ormat technologiesORA
Document: Insider Ownership
US$ 43.38+0.21%Trend Power :
Anglo Asian Mining(Au-Cu)AAZ.L
FY2015 Results - Record gold production of 72Koz; 28.6Koz silver; 969t copper; and total revenues of
GBX 9.88-3.61%Trend Power :
Royal Gold(Ag-Au-Cu)RGLD
Royal Gold Announces Third Quarter Dividend
US$ 55.02-1.49%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Announces New Nominees to Board of Directors
CA$ 0.18-11.90%Trend Power :
Hecla Mining(Cu-Le-Zn)HL
Hecla to Acquire Mines Management
US$ 3.91-3.69%Trend Power :
CabotCBT
Board Increases Dividend
US$ 45.53+0.55%Trend Power :
Ormat technologiesORA
Ormat Technologies Secures $36 Million Supply EPC Contracts for a Geothermal Power Plant in New Ze
US$ 43.38+0.21%Trend Power :
Ivanhoe Mines(Ag-Au-Cu)IVN.TO
Kamoa Copper Project initiates major drilling program at the ne
CA$ 0.99-3.88%Trend Power :
Energy Fuels(Cu-Ni-Zn)EFR.TO
Announces Election of Directors and Results of Shareholder Meeting and Filing of Renewal of Prelimin
CA$ 2.87-2.71%Trend Power :
Claude Resources(Au-Cu-Ngas)CRJ.TO
Shareholders approve acquisition of Claude Resources by Silver Standard
CA$ 2.08-6.73%Trend Power :
Canalaska(Ag-Au-Co)CVV.V
Enters into $20.4 Million Deal with De Beers
CA$ 0.60+0.00%Trend Power :
Treasury MetalsTML.TO
Closing $4.0 Million Offering
CA$ 0.48-2.04%Trend Power :
American ManganeseAMY.V
CLOSES $200,500 PRIVATE PLACEMENT
CA$ 0.02-20.00%Trend Power :
UEX(Au-Cu-Ur)UEX.TO
Closes $7.25 Million Combined Flow-Through and Hard Dollar Private Placements
CA$ 0.22-4.44%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q1 2016 and Operations Update
CA$ 0.18-11.90%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Stornoway Announces Results From Annual General Meeting
CA$ 0.98+0.00%Trend Power :
Pure Gold.(Cu-Fe-Au)PGM.V
Intersects 10.9 g/t gold over 9.8 metres, Including 27.0 g/t gold over 3.8 Metres at the McVeigh Hor
CA$ 0.60-4.76%Trend Power :
Harvest Natural(Ngas-Oil)HNR
Announces 2016 First Quarter Results
US$ 0.43-4.44%Trend Power :
Premier Gold Mines(Au)PG.TO
Strengthens Senior Management
CA$ 2.82-5.37%Trend Power :
St Barbara(Au-Cu-Ni)SBM.AX
Presentation to Melbourne Mining Club
AU$ 2.56-3.57%Trend Power :