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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Currie Rose Resources Inc | TSXV:CUI | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.055 | 0.05 | 0.065 | 0 | 01:00:00 |
The expiry date of the warrants will be accelerated to shorten the exercise period to 30 days should the shares of the Company trade at $0.20 or higher for a period of 20 consecutive trading days. Such acceleration will only occur after the hold period expires.
Finder's fees will be paid equal to 8% cash fee of the total amount raised and 10% of the total Units sold in the form of finder's warrants, whereby one finder's warrant entitles the holder to acquire one Common Share of the Company at $0.10 per share for a period of eighteen months from the date of issue. The finder's warrants will have the same accelerated expiry date provision as the warrants under the private placement.
Proceeds from the financing will be used to advance the Company's Mabale "Sisu River" gold project in Tanzania.
A series of grab samples from Artisanal pits on the Sisu River prospect that forms part of the 100-per-cent-owned Mabale Hills project in Tanzania, East Africa were previously disclosed in a news release dated March 8, 2010. A total of 13 samples were collected from in situ material,consisting of sheared/silicified quartz porphyry with minor pyrite and arsenopyrite accessory minerals. The sample area contains numerous artisanal pits, covering an area of approximately 150 metres by 30 metres, with colluvial overburden approximately two to three metres deep.
Of the 13 samples collected, six returned better than five g/t gold, with a high of 89.2 g/t, while a further five samples returned grades between one g/t gold to five g/t gold. Only two samples returned values below one g/t gold.
BY ORDER OF THE BOARD OF DIRECTORS OF CURRIE ROSE RESOURCES INC.
Harold Smith, President
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.
Contacts: Currie Rose Resources Inc. Harold Smith President (905) 688-9115 info@currierose.com www.currierose.com
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