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UPDATE: Caribou Acquires Claims Adjoining Timcal Graphite Mine; Shares Hike 13%

Caribou King Resources Ltd. (CKR.V) has acquired 2 new graphite projects in Quebec: St-Aime located adjacent to the Timcal border and approximately 1 km from the mill and Calumet.

To earn a 100% interest in these 3 properties, the company is to issue 500,000 shares upon approvals and incur $50,000 in work expenditures over the next year, with an additional 1 million shares to be issued in one year and an additional $100,000 in work expenditures to be incurred in the following year.

CKR has jumped 13% to $0.045, trading near 52-week low $0.025.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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