Cariboo Rose Resources Ltd. (TSX-V: CRB) (“Cariboo”) has entered into a non-brokered private placement agreement, subject to regulatory approval, for the sale of up to 2,000,000 shares of Cariboo at a price of $0.25 per share.
Total gross proceeds of the offering will be up to $500,000.
The company shall pay no fees or commissions on behalf of the placement.
The net proceeds of the offering shall be applied to exploration of the Woodjam mineral project in British Columbia and to general working capital.
This offering is subject to approval of the TSX Venture Exchange.
On behalf of the board of directors of Cariboo Rose Resources Ltd.;
G. L. Garratt, P.Geo.
G. L. Garratt, P.Geo., Director
Cariboo Rose Resources Ltd.
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.