Carlisle Goldfields Limited

Carlisle Goldfields Limited

February 26, 2010 17:00 ET

Carlisle Goldfields Completes Non-Brokered Shares for Debt Placement

TORONTO, ONTARIO--(Marketwire - Feb. 26, 2010) - Carlisle Goldfields Limited ("Carlisle" or the "Company") is pleased to announce that it has successfully completed a non-brokered shares for debt placement of 2,375,000 units at a price of $0.08 per unit (the "Offering") for gross proceeds of $190,000. The sale of the units will settle debts owed to officers and directors of Carlisle (or their personal services corporations) for fees and bonuses. Each unit is comprised of one common share and one share purchase warrant, each warrant entitling the holder to purchase one common share for $0.10 at any time on or before February 24, 2011. All securities issued pursuant to this shares for debt issuance will be subject to a four (4) month hold period.

For further information please contact: Mr. Carl McGill, Vice-President Corporate Development and a Director of Carlisle Goldfields Limited by telephone: 416-278-8406 or by mail: 133 Richmond Street West, Suite 204, Toronto, Ontario, M5H 2L3.

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.

Contact Information

  • Carlisle Goldfields Limited
    Mr. Carl McGill
    Vice-President Corporate Development and
    a Director of Carlisle Goldfields Limited
    416-278-8406