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CGN Carbon2Green Corporation

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Delayed by 15 minutes
Share Name Share Symbol Market Type
Carbon2Green Corporation TSXV:CGN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Carbon2Green Corporation: Private Placement Concurrent to the Change of Business

14/12/2011 1:24pm

Marketwired Canada


Carbon2Green Corporation (TSX VENTURE:CGN), which will change its name on
December 22 to "Corporation TomaGold / TomaGold Corporation" (the "Corporation")
announces the terms of its private placement as a complement to its press
release dated May 2nd, 2011 by which it disclosed the signature of a letter of
intent, on April 29, 2011, with the publicly owned mining exploration
corporation Stellar Pacific Ventures Inc. ("Stellar") for the acquisition of
three (3) properties in the province of Quebec comprising a total of 170 mineral
claims (collectively, the "Properties") in Chibougamau, Val D'Or and the Urban
District in northwestern Quebec (the "Transaction") that constitutes for the
Corporation a change of business under the policies of the TSX Venture Exchange
(the "Exchange") the whole as described in the Corporation's Management Proxy
Circular dated November 24, 2011 and publicly disclosed by the Corporation as it
appears on www.sedar.com (the "Circular").


Private Placement

The resulting issuer intends to complete a private placement with several
investors by way of prospectus exemption whose subscriptions shall comprise a
total of an approximate minimum amount of $1,500,000 and a total of an
approximate maximum of $2,500,000 (the "Private Placement"):


Units A:

The portion of the Private Placement of Units A to a minimum of 2,333,333 Units
A, at a price of $0.15 each and a maximum of 3,333,333 Units A, at a price of
$0.15 each, for a gross proceeds of a minimum of $350,000 and a maximum of
$500,000 and the payment, if applicable, of a finder's fee. Each Unit A, at a
price of $0.15, will consist of one (1) post consolidation Common Share and one
(1) Warrant (as hereinafter defined) (hereinafter, the "Unit"). Each warrant
will entitle the holder thereof to purchase, subject to adjustment in certain
events, the right to acquire one (1) post consolidation Common Share at an
exercise price of $0.30 during the period of twelve (12) months following the
issuance of the Units A. Each Unit A, Warrant and Common Share issued pursuant
to the Unit A will be subject to a mandatory holding period of four (4) months
and one (1) day.


Units B:

The portion of the Private Placement of Units B to a minimum of 63,888 Units B,
at a price of $18 each, for a gross proceeds $1,150,000 and a maximum of 83,333
Units B, at a price of $18 each, for a gross proceeds of $1,500,000, and the
payment, if applicable, of a finder's fee. Each Unit B, at a price of $18 each,
will consist of 80 post consolidation flow through Common Shares at a price of
$0.18 each and 20 post consolidation non flow through Common Shares at a price
of $0.18 each. Each Unit B, flow through Common Share and non flow through
Common Share issued pursuant to the Unit B will be subject to a mandatory
holding period of four (4) months and one (1) day.


Flow through Common Shares:

The portion of the Private Placement of flow through Common Shares to a maximum
of 2,777,777 post consolidation flow through Common Shares at a price of $0.18
each, for a gross proceeds $500,000. Each flow through Common Share issued will
be subject to a mandatory holding period of four (4) months and one (1) day.


The Transaction cannot close until the required Shareholder approval is obtained
as disclosed in the Circular. There can be no assurance that the transaction
will be completed as proposed or at all.


Investors are cautioned that, except as disclosed in the Circular, any
information released or received with respect to the change of business may not
be accurate or complete and should not be relied upon. Trading in the securities
of Carbon2Green Corporation should be considered highly speculative.


The TSX Venture Exchange Inc. has in no way passed upon the merits of the
proposed Transaction and has neither approved nor disapproved the contents of
this press release.


1 Year Carbon2Green Corporation Chart

1 Year Carbon2Green Corporation Chart

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1 Month Carbon2Green Corporation Chart