Carlisle Goldfields Limited

Carlisle Goldfields Limited

January 29, 2010 12:43 ET

Carlisle Goldfields Completes Second Tranche of Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - Jan. 29, 2010) - Carlisle Goldfields Limited ("Carlisle" or the "Company") is pleased to announce that it has successfully completed a second tranche of a non-brokered private placement of 4,150,000 units at a price of $0.05 per unit (the "Offering") for aggregate gross proceeds of $207,500, increasing the aggregate proceeds of the two tranches to $619,000. Each unit is comprised of one common share and one share purchase warrant, each whole warrant issued on the second tranche entitling the holder to purchase one common share for $0.10 at any time on or before January 29, 2011. All securities issued pursuant to this private placement will be subject to a four (4) month hold period.

The Company also announced that it had agreed to issue 680,000 common shares at $0.05 per share to settle an outstanding account payable owed to an exploration contractor. The shares 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: #1801-180 Dundas Street West, Toronto, Ontario M5G 1Z8.

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
    Vice-President Corporate Development
    and a Director of Carlisle Goldfields Limited