Cariboo Rose Resources Ltd.: Closes Private Placement
28.12.2016 | The Newswire
Vancouver, December 28, 2016 - Cariboo Rose Resources Ltd. (TSX-V: CRB) ("Cariboo Rose") has completed a private placement, which was fully subscribed, for the sale of 10,000,000 units at a price of $0.09 per flow-through unit and $0.07 per non-flow-through (each unit comprising one common share and one warrant for the purchase of one additional non-flow-through common share at a price of $0.12 per share for a term of two years from the date of TSX-V approval of the private placement). All the securities issued in the private placement are subject to a four month hold period.Gross proceeds of the offering was $836,700.
The Company will pay a finder's fee to Leede Jones Gable Inc. of 7% of the value of the placement payable in shares for some of the proceeds for a total of 25,800 common shares. The Company will pay a cash finder's fee of $42,978.00 and 574,200 share purchase warrants (for the purchase of one additional non-flow-through common share at $0.12 for two years from the date of TSX-V approval of the private placement) to PowerOne Capital Markets Limited.
The proceeds of the flow-through unit offering ($615,150) shall be applied to exploration at the company's British Columbia and Yukon mineral properties and the proceeds of the non-flow-through unit offering ($221,550) shall be applied to one year of administration and mineral property acquisition and property maintenance costs.
On behalf of the board of directors of Cariboo Rose Resources Ltd.;
Donald D. Sharp
Donald D. Sharp, C.A., Director & CFO
Cariboo Rose Resources Ltd.
suite 110 - 325 Howe Street
Vancouver, BC Canada V6C 1Z7
tel: 604-681-7913
fax: 604-681-9855 toll free: 888-656-6611
email: info@eastfieldgroup.com
website: www.cariboorose.com
About Cariboo Rose Resources Limited
Cariboo Rose Resources is a prospect generating mineral exploration company with seven gold, copper and molybdenum exploration projects in British Columbia and the Yukon. Cariboo Rose trades on the TSX Venture exchange under the symbol "CRB". For more information please visit the Company's website at www.cariboorose.com.
Neither the 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.
