Cariboo Rose announces the closing of its non-brokered private placement for total proceeds of $477,000. The funds will be used for an exploration program at its Lightning Strike project and general working capital purposes.
“). Further to the news release dated November 07, 2024 and as clarified on November 14, 2024, the Company announces that it has closed non-brokered private placements for total proceeds of $477,000 as follows:
2,950,000 flow-through shares at a price of $0.06 per flow-through share for total proceeds of $177,000. Cariboo Rose paid a cash finder’s fee of $10,780 to Leede Financial Inc., of Vancouver, B.C. in connection with this private placement. Glen Garratt, director of Cariboo Rose, purchased a total of 200,000 flow through shares in the private placement. The participation of Mr. Garratt constituted a related party transaction within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101 – “Protection of Minority Security Holders in Special Transactions” . The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5 and 5.
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