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Source: Currie Rosie Resources
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  • Currie Rose Resources (CUI) has announced a non-brokered private placement
  • The company will issue up to 22,000,000 units at $0.05 per unit for gross proceeds of up to $1.1 million
  • Net proceeds from the private placement will be used for Currie Rose’s exploration of the North Queensland Vanadium Project in Australia and for general working capital purposes
  • The offering is expected to close on or before December 6, 2021
  • Currie Rose is a publicly-traded precious and battery metals explorer
  • Shares in Currie Rose Resources Inc. (CUI) are steady, trading at $0.05 per share

Currie Rose Resources (CUI) has announced a non-brokered private placement for gross proceeds of up to $1.1 million.

The company will issue up to 22,000,000 units priced at $0.05 per unit.

Each unit will consist of one common share and one purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at $0.10 per share for a period of 24 months.

Net proceeds from the private placement will be used for Currie Rose’s exploration of the North Queensland Vanadium Project in Australia and for general working capital purposes.

The unit shares and warrant shares will be subject to a hold period expiring four months and one day from their date of issuance.

A finder’s fee may be paid on a portion of the proceeds from the offering, which is expected to close on or before December 6, 2021.

The final offering is subject to customary closing conditions including, but not limited to, the negotiation and execution of subscription agreements and receipt of applicable regulatory approvals, including the approval of the TSX Venture Exchange.

Currie Rose is a publicly-traded precious and battery metals explorer focused on identifying high-value assets in Canada and Australia.

Its immediate focus is the advanced North Queensland Vanadium Project in Queensland, Australia.

Shares in Currie Rose Resources Inc. (CUI) are steady, trading at $0.05 per share as of 2:58 pm EST.

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