Carlyle News Release - Issuance of Shares For Debt
620 – 1111 Melville Street, Vancouver, British Columbia V6E 2V6
News Release
CARLYLE ISSUANCE OF SHARES FOR DEBT
March 4, 2022 CSE:CCC | FSE:1OZ | OTC:DLRYF
CARLYLE COMMODITIES CORP. (CSE:CCC, FSE:1OZ, OTC:DLRYF) (“Carlyle” or the “Company”) is pleased
to announce that it has agreed to issue an aggregate of 1,250,000 common shares (each, a “Share”) at a
deemed price of $0.05 per Share to certain directors of the Company (the “Insiders”) as full and final
payment of debt in the aggregate amount of $62,500 (the “Debt Settlement”), which debt was for certain
expenses and unpaid remuneration for services performed by the Insiders.
Accordingly, the Debt Settlement constituted a “related party transaction” within the meaning of
Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-
101”). The issuance of the Shares to the Insiders, however, was exempt from the valuation requirement
of MI 61-101 by the virtue of the exemption contained in section 5.5(b) as the Company’s Shares are not
listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by
virtue of the exemption contained in Section 5.7(1)(a) as the value of the Shares issued under the Debt
Settlement did not exceed 25% of the Company’s market capitalization.
All securities issued in connection with the Debt Settlement will be subject to a statutory hold period
expiring four months and one day after the date of issuance (the “Issuance Date”), as set out in National
Instrument 45-102 – Resale of Securities.
About Carlyle
Carlyle is a mineral exploration company focused on the acquisition, exploration, and development of
mineral resource properties. Carlyle owns 100% of the Newton Gold Project in the Clinton Mining Division
of B.C. The Company has an option to earn a 100% interest in the Cecilia Gold-Silver Project located in the
State of Sonora, Mexico. The Company also holds an option to earn a 100% interest in the promising
Sunset property located in the Vancouver Mining Division near Pemberton, B.C. Carlyle is based in
Vancouver, B.C., and is listed on the CSE under the symbol “CCC”.
ON BEHALF OF THE BOARD OF DIRECTORS OF
CARLYLE COMMODITIES CORP.
“Morgan Good”
Morgan Good
Chief Executive Officer
For more information regarding this news release, please contact:
Morgan Good, CEO and Director
T: 604-715-4751
W: www.carlylecommodities.com
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the
contents of this press release.