New Carolin Gold Corp. (TSXV:LAD) announced a private placement of up to 7,000,000 units issued at a price of CAD 0.05 per unit for gross proceeds of up to CAD 350,000 on April 24, 2020. The transaction may include participation from directors and officers of the company for not more than 25% of the offering. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.10 per share for a period of 24 months from the date of closing. The company may pay finder's fee in the transaction. All securities issued will be subject to a statutory hold period of four months plus one day from the date of closing in accordance with applicable securities legislation.