C2C Inc.: Closing of a $315,000 Flow-Through Share Financing.MONTREAL -- C2C (Client to Client) An earlier term for peer-to-peer (P2P), in which one user communicates with another user without going through a server in between. See peer-to-peer. Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CCN CCN Cloud Condensation Nuclei CCN Church Communication Network CCN Conseil Canadien des Normes (Standards Council of Canada) CCN Critical Care Nurse CCN Certified Clinical Nutritionist CCN Community Care Network CCN Cyclin ) announces the closing of a flow-through share financing, for an amount of $315,000. An aggregate of 1,260,000 common shares of the Company were issued, at $0.25 per share. Each common share is accompanied with one-half of a common share purchase warrant; each whole warrant allows its holder to subscribe one additional common share at $0.40 for a period of 18 months following closing of the private placement. The proceeds of the financing will be entirely used to incur exploration expenditures, including diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral , on our Fourniere and Bruell properties, located in Abitibi. The following officers of C2C subscribed to the financing: Marc-Andre Larouche, Vice-President: $10,000 Alain-Jean Beauregard, Vice-President: $10,000 Gilles Trudel, Director: $10,000 Rene Branchaud, secretary: $15,000 This financing was approved by C2C board of directors on December 16, 2004. The financing is subject to the final approval of the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. . The securities to be issued pursuant to this financing will be subject to a four-month resale hold period, expiring on May 2, 2005. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. C2C INC. (TSX VENTURE:CCN) |
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