Carcetti Capital Completes $2.1 Million Private Placement and Grants Stock Options

Vancouver-based Carcetti Capital Corp. has successfully closed its upsized non-brokered private placement, raising $2.1 million by issuing 6,000,000 common shares at $0.35 each. The funds will be used to continue the search and assessment of potential acquisitions and cover general administrative expenses.

The shares are subject to a holding period until December 8, 2025, and an additional six-month lock-up period. If Carcetti announces a significant acquisition, an extra lock-up may apply. The transaction involves insider participation exempt from minority shareholder approval under MI 61-101 due to its value.

Additionally, Carcetti has granted 2,445,000 stock options to directors, officers, and consultants. These options vest over a year and expire in August 2030, priced at $0.35 per share. The TSX Venture Exchange's final approval is pending.