Carlisle Goldfields Limited

Carlisle Goldfields Limited

January 15, 2010 17:31 ET

Carlisle Goldfields Completes Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - Jan. 15, 2010) - Carlisle Goldfields Limited ("Carlisle" or the "Company") is pleased to announce that it has successfully completed a non-brokered private placement of 8,230,000 units at a price of $0.05 per unit (the "Offering") for aggregate gross proceeds of $411,500. Each unit is comprised of one common share and one share purchase warrant, each whole warrant entitling the holder to purchase one common share for $0.10 at any time on or before January 15, 2011. All securities issued pursuant to this private placement will be subject to a four (4) month hold period.

The gross proceeds from the Offering will be used to fund accounts payable and ongoing operating costs, as well as exploration expenses in connection with the Company's gold properties in the Lynn Lake area of northern Manitoba.

This release was prepared by management of the Company who take full responsibility for its contents.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The common shares will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities regulation, including statements regarding the future activities of the Company. Forward-looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "anticipates", "expects", "expected to", "plans", "planned" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company's management discussion and analysis as filed with the Canadian securities regulatory authorities which is available at Investors are cautioned not to place undue reliance upon forward-looking statements.

Contact Information

  • Carlisle Goldfields Limited
    Mr. Carl McGill
    President and Director
    By Mail:
    Carlisle Goldfields Limited
    141 Adelaide Street West, Suite 1000
    Toronto, Ontario
    M5H 3L5