Carlisle Goldfields Limited

Carlisle Goldfields Limited

January 09, 2007 12:31 ET

Carlisle Goldfields Limited Announces Closing of Prospectus Offering

TORONTO, ONTARIO--(CCNMatthews - Jan. 9, 2007) - Carlisle Goldfields Limited ("Carlisle") announces that, it has received a Final Receipt, dated December 28, 2006, for its Final Prospectus dated, December 27, 2006. A copy of the Prospectus may be found at www.sedar.com.

Carlisle raised aggregate gross proceeds of $4,364,828 by way of its initial public offering on the sale of 7,666,961 flow-through common shares at a purchase price of $0.55, and 296,000 units comprised of one common share and one half of one common share purchase warrant at a price of $0.50 per unit. Each warrant entitles the holder to acquire one common share of Carlisle at a price of $0.85 on or before June 30, 2008.

Wellington West Capital Inc. ("Wellington") acted as agent in connection with the initial public offering and received a commission of 8% of funds raised and agent's warrants equal to 10% of the number of flow-through shares and units sold. Each agent's warrant entitles Wellington to acquire one common share of Carlisle on or before June 30, 2008.

About Carlisle: Carlisle Goldfields Limited is a Canadian based gold exploration and development company. Carlisle has acquired gold properties in British Columbia, Manitoba, and Ontario. The initial focus is on the large land position in the Lynn Lake greenstone belt of Manitoba and particularly on the former producing MacLellan Mine, where "historic geological reserves" are presently stated to be on the order of 976,000 tonnes grading 6.51 grams Au per tonne, with the potential to roughly double these historically reported resources at a similar grade by further delineation drilling or development to the 525 mL. Additional details about Carlisle and its projects can be viewed on the Company's website at www.carlislegold.com.

No stock exchange has approved or disapproved the information contained herein.

Contact Information

  • Carlisle Goldfields Limited
    Stephen G. Mlot
    President
    (416) 368-0028
    (416) 703-3695 (FAX)
    Webiste: www.carlislegold.com