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: firstname.lastname@example.org
Phone: (604) 683-3995
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