Caribou increases Private Placement
September 3rd, 2015, VANCOUVER, B.C. – CARIBOU KING RESOURCES LTD. (“Caribou” or the “Company”) (TSX-V: CKR) (CB8–FRANKFURT) announces that further to its press release of August 25th, 2015 and subject to TSX-V approval, it is increasing the amount of its private placement to up to 6.5 million units (the “Offering”) at a unit price of $0.10 per unit for gross proceeds of $650,000.
Each Unit is comprised of one common share (“Share”) and one-half of one Share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase an additional Share at a price of $0.15 per Share for a period of 12 months. Proceeds from the Offering will be used for the Company’s short term payables and for general working capital.
Finder’s fees may be payable on the Offering, subject to the policies of the TSX Venture Exchange.
For more information, visit the website at www.caribouking.com.
ON BEHALF OF THE BOARD
CARIBOU KING RESOURCES LTD.
CEO and Director
E-mail inquiries: firstname.lastname@example.org
Phone: (604) 683-3995