Business
Cariboo Rose Announces Financing with Gold Fields
Cariboo Rose Announces Financing with Gold Fields
About this update from Cariboo Rose Resources Ltd.
[{"type":"text","content":"\nCariboo Rose Announces Financing with Gold Fields\n\n\n Aug. 9, 2010 (TheNewswire.ca) -- Vancouver, BC, August 6, 2010 - Cariboo Rose Resources Ltd. (TSXV:CRB) (TSX-V: CRB)(hereinafter referred to as \"Cariboo Rose\" or the \"Company\") announced today that as reported in the Company's news release dated May 26, 2010, Gold Fields Netherlands Services BV, a member of the Gold Fields Limited group of companies (NYSE: GFI)(hereinafter referred to as \"Gold Fields\"), is completing a private placement of C$200,000 to purchase 623,000 common shares of Cariboo Rose at a price of $0.321 per share The financing is subject to the approval of the TSX Venture Exchange.Proceeds from the financing will be used for exploration work on the Company's projects and general working capital.J. William (Bill) Morton, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.About Cariboo Rose Resources LimitedCariboo Rose Resources Ltd. is a mineral exploration company with six gold, copper and molybdenum exploration projects in British Columbia and the Yukon. The Woodjam North and Woodjam South properties (totaling 56,150 ha) are part of the Woodjam Joint Venture between Cariboo Rose (40%) and Fjordland Exploration Inc. (TSXV:FEX) (60%); both properties are now under option to Gold Fields Horsefly Exploration Corporation. Additionally, Cariboo Rose has two other gold-copper exploration projects adjoining the Woodjam Properties, a gold exploration project in the White Gold District of the Yukon, and a copper exploration project south of BC's Kemess mine. Cariboo Rose trades on the TSX Venture exchange under the symbol \"CRB\". For more information please visit the Company's website at www.cariboorose.com.J. William Morton, P.Geo, PresidentCariboo Rose Resources Ltd.Contact: Paul Way, Business Development ManagerPhone: (604) 681-7913, Toll Free: 888-656-6611; email: [email protected] TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.Copyright (c) 2010 Thenewswire.ca - All rights reserved.\n\n\n\n","length":2410,"tagName":"div"}]