Carson raises $12.9 million

A private placement of special warrants will give Carson Gold (VSE) additional funds to acquire properties in Latin America.

The company reached an agreement with Burns Fry (which will act as lead broker), First Marathon Securities and Yorkton Securities for the $12.9-million financing.

The placement includes 3 million special warrants at $4.25 each. A special warrant includes a share plus a non-transferable, 2-year share purchase warrant exerciseable at $4.25 in the first year and $5 in the second. The closing is scheduled for Dec. 22.