C2C Gold Corporation Inc.
TSX VENTURE : CCN

C2C Gold Corporation Inc.

January 03, 2007 13:28 ET

C2C Inc.: Private Placement

MONTREAL, QUEBEC--(CCNMatthews - Jan. 3, 2007) - C2C Inc. (TSX VENTURE:CCN) is pleased to announce that it has completed a $500,000 private placement. The proceeds from this offering will be used to fund the exploration activities notably on the Opinaca and Fourniere properties and for general working capital purposes.

C2C has issued 500 units of the Corporation (the "Units") at a price of $1,000 per Unit for gross proceeds of $500,000. Each Unit consists of 1,600 "flow-through" shares at a price of $0.50 per share, 400 common shares at a price of $0.50 per share and 2,000 common share purchase warrants of the Corporation. Each Warrant will entitle its holder to acquire one Common Share for a period of 18 months from the Closing Date at an exercise price of $0.60 per Warrant Share.

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 500 units at a price of $0.50 per unit, for a period of 18 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 29th, 2007.

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

Contact Information