C2C Gold Corporation Inc.
TSX VENTURE : CCN

C2C Gold Corporation Inc.

November 15, 2006 18:19 ET

C2C: Private Placement

MONTREAL, QUEBEC--(CCNMatthews - Nov. 15, 2006) - C2C Inc.(TSX VENTURE:CCN) is pleased to announce that it has signed a letter of engagement with Union Securities Ltd. as agent for a best efforts private placement of a maximum of 25,000,000 units of C2C at a subscription price of $0.15 per flow-through unit and a price of $0.10 per non flow-through unit, for maximum gross proceeds of up to $3 million. The proceeds from this offering will be used to fund the acquisition of precious metals properties and the exploration activities on its Opinaca property, in Quebec and for general working capital purposes.

Each flow-through unit will consist of one flow-through share at a price of $0.15 per 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 for a period of 24 months from the closing of the private placement. Each non flow-through unit will consist of one common share at a price of $0.10 per 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 for a period of 24 months from the closing of the private placement.

In connection with the private placement, the agent will receive a cash payment equal to 10% of the gross proceeds raised pursuant to the private placement plus Broker units to purchase a maximum of 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 and a maximum of 1,500,000 units at a price of $0.10 per unit for a period of 24 months from the date of closing of the offering.

The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

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

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