ccb_imgCanada Carbon (TSX-V: CCB), Bruce Duncan's junior mining company advancing the Miller graphite project 80 km west of Montreal, Quebec, announced today that the company had closed a non-brokered private placement of flow-through units for total proceeds of $178,560.

All issued units consisted of a flow-through share at $0.16 and one-half of one non-flow through common share purchase warrant.  Each full warrant is able to be exercised at $0.25 per share for up to eighteen months after closing.

Finder's fees of $10,713.60 and 89,280 compensation warrants were issued in connection to the placement. The aforementioned warrants can be exercised at $0.16 per non-flow through common share.

According to the news release, all proceeds will advance exploration activities at the company's wholly-owned Miller hydrothermal lump/vein property.

News Release: Canada Carbon Closes Flow-Through Financing

Related: Canada Carbon Corporate Presentation