The total gross proceeds of the offering, if completely subscribed, will vary between $760,000 and $840,000 depending on the ratio of non-flow-through to flow-through units and will be used primarily to advance exploration at the company’s Canadian Creek gold project located in the Yukon Territory and to provide administration costs for a period of one year.
Cariboo Rose will pay a finder’s fee on the portion of the placement introduced to the company by unrelated advisers. The fee will consist of 6% paid in cash on the gross proceeds of this portion of both flow-through and non-flow-through units and finders warrants exercisable for non-flow-through shares equal in number to 6% of this portion for both flow-through and non-flow-through units on the same terms as described above.
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.
Phone: (604) 681-7913, Toll Free: 888-656-6611; email: email@example.com
About Cariboo Rose Resources Limited
Cariboo Rose Resources is a prospect generating mineral exploration company with six 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.