You can use your smart phone to browse stories in the comfort of your hand. Simply browse this site on your smart phone.

    Using an RSS Reader you can access most recent stories and other feeds posted on this network.

    SNetwork Recent Stories

Caribou Completes Private Placement and Debt Settlement

by pmnationtalk on January 27, 2015705 Views

January 23, 2015, VANCOUVER, B.C. – CARIBOU KING RESOURCES LTD. (“Caribou” or the “Company”) (TSX-V: CKR) (CB8–FRANKFURT) announces that, further to its news release dated December 29, 2014, the Company has completed its non-brokered private placement of 2,000,000 common shares (the “Shares”) at a price of $0.10 per Share for an aggregate gross proceeds of $200,000 (the “Offering”).

The Company also further announces that the Company has issued an aggregate of 1,968,103 Shares at a deemed price of $0.10 per Share to settle a total of $196,810.49 of debt with creditors that are at arm’s length to the Company (the “Debt Settlement”).

All securities issued pursuant to the Offering and Debt Settlement are subject to a hold period expiring on May 24, 2015.

EARLY WARNING REPORT

Michael B. England (“Mr. England”) of 1220 – 789 W. Pender Street, Vancouver, BC, announces that he has acquired, through England Communications Ltd., a private company controlled by Mr. England, ownership and control of 1,750,000 Shares of the Company as part of the Offering that closed on January 23, 2015.  The 1,750,000 Shares acquired by Mr. England in addition to existing holdings of shares, warrants or stock options in the Company represent 18.4% of the Company’s issued and outstanding Shares on a non-diluted basis or 19.2% of the Company’s issued and outstanding Shares, calculated on a partially-diluted basis assuming the exercise of Mr. England’s warrants and stock options.

After giving effect to the acquisition referred to above, Mr. England beneficially owns a total of 1,864,200 Shares, 45,333 warrants and 54,000 stock options, which collectively represent 19.2% of the Company’s issued and outstanding Shares, calculated on a partially-diluted basis assuming the exercise of Mr. England’s warrants and stock options.

Mr. England acquired the Shares for investment purposes. Mr. England intends to evaluate the investment in the Company and to increase or decrease his shareholdings as he may determine for investment purposes.

This press release is being disseminated as required by National Instrument 62-103, The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the “Early Warning Report”). A copy of the Early Warning Report may be found on www.sedar.com under the Company’s profile.

For more information, visit the website at www.caribouking.com.

ON BEHALF OF THE BOARD

Michael England, CEO, Caribou King Resources Ltd.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

NT3

Send To Friend Email Print Story

Comments are closed.

NationTalk Partners & Sponsors Learn More