TORONTO, Sept. 15, 2017 (GLOBE NEWSWIRE) -- Currie Rose Resources Inc. (TSXV:CUI) (“Currie Rose” or the “Company”) announces an offering of Units at a price of C$0.05 per unit. Each Unit is comprised of one New Common Share and one New Common Share Purchase Warrant (“Warrant”). Under the Unit offering, the Company will issue a total of up to 13,000,000 New Common Shares and 13,000,000 Warrants for gross proceeds of C$650,000 on a non-brokered basis. The securities are subject to hold periods in accordance with requisite securities laws. The exercise price of the warrants will be C$0.10 per warrant, with an expiry date two years from the date of closing. The Company anticipates a closing date of September 30, 2017. Proceeds from this offering will be used for project generation and general corporate purposes.
Currie Rose management is actively pursuing several early-stage and advanced gold exploration opportunities in Canada and the USA. To date, no definitive terms or agreements have been completed. Additionally, the Company’s JV partner, Northern Sphere Mining Corp. has begun drilling the Company’s Scadding Project near Sudbury Ontario (see July 25, 2017 Press Release by Northern Sphere – CSE:NSM for complete details).
Neither the 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.
This news release may contain forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates. Statements about the closing of the transaction, expected terms of the transaction, the number of securities of Currie Rose that may be issued in connection with the transaction, and the parties' ability to satisfy closing conditions and receive necessary approvals are all forward-looking information. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
FOR ADDITIONAL INFORMATION IN RESPECT OF CURRIE ROSE, PLEASE CONTACT:
Mike Griffiths, CEO
Catherine Beckett, Manager Corporate Affairs