Big Tree Closes First Tranche of Brokered Private Placement
Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax (416) 865-6636
Big Tree Closes First Tranche of Brokered Private Placement
NEWS RELEASE FOR IMMEDIATE RELEASE
APRIL 21, 2023 TSXV Symbol: BIGT
Toronto, Ontario, April 21, 2023 – Big Tree Carbon Inc. (the “Company” or “Big Tree ”)
(TSXV:BIGT) is pleased to announce the closing of the first tranche of the brokered private
placement (the “Offering”) announced on March 31, 2023 with the issuance of 6,000,0000
working capital units (the “WC Units ”) of the Company at a price of $0.05 per WC Unit for
gross proceeds of $300,000. The Offering was led on a best-efforts basis by IBK Capital.
Each WC Unit consists of one (1) common share of the Company priced at $0.05 per common
share and one (1) common share purchase warrant (each a “WC Warrant”). Each WC Warrant
entitles the holder to acquire one (1) common share until April 20, 2025 at a price of $0.06.
The Company paid IBK Capital a commission of $20,500 and issued 545,000 broker warrants
(“Broker Warrants”) to IBK Capital. Each Broker Warrant entitles the holder to acquire a WC
Unit until April 20, 2025 at a price of $0.05 per Broker Warrant. One eligible finder was paid a
commission of $3500 and another eligible finder was issued 55,000 Broker Warrants. All
securities issued are subject to a statutory hold period expiring on August 21, 2023.
ABOUT BIG TREE CARBON INC.
Big Tree Carbon Inc. is an indigenous led publicly-traded natural asset development company
based in Ontario, Canada. The Company maintains several legacy mineral exploration properties
in Northwestern Ontario as active exploration holdings, including the Ranger Lake, Richardson
Lake, Trout Lake South and Bridget Lake properties. The Company is currently developing two
First Nations forest carbon offset project development partnerships for the Lac Seul First Nation
“Lac Seul Community Forest Project” and the Ogoki Forest. Subsidiary corporation
Wiigwaasaatig Energy Inc. is a contributor to the Company’s sustainable forest optimization
approach, focusing on renewable electrical generation and biofuel processing in partnership with
proximal indigenous communities.
FOR FURTHER INFORMATION PLEASE CONTACT:
Big Tree Carbon Inc.
Christopher Angeconeb Ian Brodie-Brown
President and C.E.O. Director of Business Development
(807) 737-5353 (416) 844-9969
[email protected] [email protected]
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve
known and unknown risks and uncertainties. Without limitation, statements regarding potential
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Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax (416) 865-6636
mineralization and resources, exploration results, and future plans and objectives of the
Company are forward looking statements that involve various risks. The following are important
factors that could cause the Company’s actual results to differ materially from those expressed or
implied by such forward looking statements: changes in the world-wide price of mineral
commodities, general market conditions, risks inherent in mineral exploration, risks associated
with development, construction and mining operations, the uncertainty of future profitability and
the uncertainty of access to additional capital. There can be no assurance that forward-looking
statements will prove to be accurate as actual results and future events may differ materially
from those anticipated in such statements. Big Tree undertakes no obligation to update such
forward-looking statements if circumstances or management’s estimates or opinions should
change. The reader is cautioned not to place undue reliance on such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.