Tickers: XTSX:CRB
Tags: Mining
Vancouver, BC / TheNewswire / July 13, 2016 - Cariboo Rose Resources Ltd. (TSX-V: CRB) ("Cariboo Rose") is currently negotiating a non-brokered private placement agreement, subject to regulatory approval, for the sale of up to 2,500,000 units at a price of $0.09 per unit (each unit comprising one flow-through 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 one year from the date of closing of the private placement).
Total gross proceeds of the offering will be $225,000.
The company will be paying a commission on behalf of the placement.
The proceeds of the offering shall be applied to exploration costs for the Canadian Creek property in the Yukon.
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
Phone: (604) 681-7913, Toll Free: 888-656-6611; email: pway@eastfieldgroup.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.
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