Carlyle Commodities Corp. announced a non-brokered private placement of up to 12,000,000 units at a price of CAD 0.085 per unit for the gross proceeds of CAD 1,020,000 on August 11, 2023. Each unit will consist of one common share and one common share purchase warrant.

Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.15 per common share for a period of 36 months from the date of issuance. The securities offered pursuant to the offering will be subject to a statutory hold period of four months and a day from the date of issuance. The company may pay a finder's fee on a portion of the gross proceeds of the offering.

The transaction is subject to the approval of regulatory authorities and the Canadian Securities Exchange.