April 13th, 2015, Vancouver, BC, Canada - Caribou King Resources Ltd. ("Caribou" or the "Company") (CKR:CA) (CB8 - FRANKFURT) is pleased to announce that, further to its news releases dated February 24th, 2015, March 2nd, 2015, and March 27th, 2015 the Company has completed its non-brokered private placement of 2 million flow-through units ("FT Units") at a price of $0.12 per FT Unit for aggregate gross proceeds of $240,000 (the "FT Offering") and the second tranche of its non-brokered private placement of 650,000 non flow-through units (the "NFT Units") at a price of $0.10 per NFT Unit for aggregate gross proceeds of $65,000 (the "Offering").
Each NFT Unit is comprised of one common share (a "Share") and one-half of one Share purchase warrant (a "Warrant") of the Company. Each whole Warrant will entitle the holder to purchase one non flow-through common share (a "Warrant Share") in the capital of the Company at a price of $0.15 per Warrant Share until April 10th, 2016.
Each FT Unit will be comprised of one Share and one-half of one Share purchase warrant of the Company (each whole warrant, a "FT Warrant"). Each whole Warrant will entitle the holder to purchase one non flow-through common share (a "Warrant Share") in the capital of the Company at a price of $0.20 per Warrant Share until April 10th, 2016.
All securities issued pursuant to the closing of the NFT Units and second tranche of the FT Units announced herein are subject to a hold period expiring on August 11th, 2015.
The Company issued to the finders under the FT Offering a total of 23,360 finder's warrants ("Finder's Warrants") to purchase up to 23,360 non flow-through common shares ("Finder's Warrant Shares") in the capital of the Company at a price of $0.12 per Finder's Warrant Share for a period of 12 months. In addition, the Company paid cash commissions to the finders totaling $2,803.20.
For more information, visit the website at www.caribouking.com.
On Behalf of the Board of Directors
CARIBOU KING RESOURCES LTD.
CEO and Director
E-mail inquiries: email@example.com
Phone: (604) 683-3995
"Neither 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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