Vancouver, British Columbia--(Newsfile Corp. - December 8, 2023) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTCQB: CCCFF) ("Carlyle" or the "Company") is pleased to announce that, further to its news release dated December 1, 2023, it has closed its non-brokered private placement of flow-through-units of the Company (the "Offering") consisting of 4,501,762 units (each, a "Unit") of the Company at a price of $0.17 per Unit for gross aggregate proceeds of $765,299.

Each Unit consists of one common share in the capital of the Company issued on a "flow-through" basis (each, a "Flow-Through Share") pursuant to the Income Tax Act (Canada) (the "Tax Act") and one-half of one share purchase warrant (each, a "Warrant"), with each full Warrant entitling the holder thereof to purchase one non-flow-through common share in the capital of the Company (each, a "Warrant Share") at a price of $0.30 per Warrant Share for a period of twenty-four months following the date of issuance (the "Date of Issue").

The aggregate proceeds of the Offering are anticipated to be used for exploration expenditures at the Company's Flagship Newton Project in British Columbia. see & read more on
https://www.newsfilecorp.com/release/190446/Carlyle-Announces-Closing-of-765299-FlowThrough-Unit-Offering-and-Appointment-of-New-CFO