Tickers: XTSX:CRB
Tags: Mining
Vancouver, BC / TheNewswire / September 5, 2017 - Cariboo Rose Resources Ltd. (TSX-V: CRB) ("Cariboo Rose") has completed a private placement, for the sale of 1,053,400 units at a price of $0.12 per flow-through unit and $0.10 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 $0.14 per share for a term of one year expiring 4:00 p.m. Vancouver time on September 4, 2018). All the securities issued in the private placement are subject to a four month hold period.
Gross proceeds of the offering was $105,800.
The Company will pay a finder's fee to Leede Jones Gable Inc. of 15,000 common shares and to Haywood Securities Inc. of 8,400 common shares
The proceeds of the flow-through unit offering ($16,800) 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 ($89,000) shall be applied to 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.
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.
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