Cariboo Rose Resources Ltd. (“Cariboo Rose”) has entered into a non-brokered private placement agreement, subject to regulatory approval, for the sale of 370,000 flow-through common shares of Cariboo Rose at a price of $0.27 per share.
Total gross proceeds of the offering will be $99,900.
The company shall pay no fees or commissions on behalf of the placement.
The proceeds of the offering shall be applied to exploration of the Woodjam mineral project in British Columbia.
This offering is subject to approval of the TSX Venture Exchange.
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.
Contact: Paul Way, Business Development Manager
Toll Free: 888-656-6611
Or visit the Company’s website at: http://www.cariboorose.com/
About Cariboo Rose Resources Ltd.
Cariboo Rose Resources Ltd. is a Canadian public resource company that trades on the TSX - Venture exchange under the symbol CRB and currently operates five mineral exploration projects in Western Canada. It was spun off from Wildrose Resources Ltd. (TSX-V: WRS) in 2006, to allow Wildrose to focus on the Spanish Mountain Project. Cariboo Rose is part of the Eastfield Group. Since its inception in 1987, the Eastfield Group has utilized a successful business strategy that leverages its exposure by securing third party exploration financing on the majority of its projects. The other companies in the Eastfield Group are Eastfield Resources (TSX-V: ETF) and Wildrose Resources.
The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the TSX - Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.