C2C Gold Corporation Inc.
TSX VENTURE : CCN

C2C Gold Corporation Inc.

December 05, 2006 14:30 ET

C2C Inc.: Private Placement

MONTREAL, QUEBEC--(CCNMatthews - Dec. 5, 2006) - C2C Inc. (TSX VENTURE:CCN) is pleased to announce that it has completed a second tranche of a private placement for a total of $1,955,000. The proceeds from this offering will be used to fund the acquisition of precious metals properties, exploration activities notably on the Opinaca property and for general working capital purposes.

In connection with this second tranche, C2C has issued a total of 4,550,000 common units at a price of $0.10 per common unit. Each common unit consists of one common share and one common share purchase warrant entitling the holder thereof to acquire one additional common share of C2C at an exercise price of $0.15 per share until November 20, 2008.

C2C has also issued a total of 10,000,000 flow-through units at a price of $0.15 per flow-through unit. Each flow-through unit consists of one flow-through share and one common share purchase warrant entitling the holder thereof to acquire one additional common share of C2C at an exercise price of $0.20 per share until November 20, 2008.

In connection with the private placement, Union Securities Inc. and the Selling Firms retained by Union Securities Inc. have received a cash payment equal to 10% of the gross proceeds raised from the distribution of units plus Broker units to purchase a maximum of 455,000 units at a price of $0.10 per unit and 1,000,000 units at a price of $0.15 per unit, for a period of 24 months from the date of closing of the offering.

The securities issued under this private placement are subject to a four-month hold period expiring on April 5, 2007.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

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