C2C Gold Corporation Inc.
TSX VENTURE : CCN

C2C Gold Corporation Inc.

January 05, 2005 15:21 ET

C2C Inc.: Closing of a $315,000 Flow-Through Share Financing


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: C2C INC.

TSX VENTURE SYMBOL: CCN

JANUARY 5, 2005 - 15:21 ET

C2C Inc.: Closing of a $315,000 Flow-Through Share
Financing

MONTREAL, QUEBEC--(CCNMatthews - Jan. 5, 2005) - C2C Inc. (TSX
VENTURE:CCN) 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, 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.

The securities to be issued pursuant to this financing will be subject
to a four-month resale hold period, expiring on May 2, 2005.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    C2C Inc.
    Alain Paquet
    President
    (514) 336-9211
    or
    C2C Inc.
    Marc-Andre Larouche
    Financial Vice-president
    (819) 824-2072
    malar@lino.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.