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.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
