ST. CATHARINES, ONTARIO--(Marketwired - April 24, 2013) - Currie Rose Resources Inc. (TSX VENTURE:CUI)(OTCBB:CUIRF)(FRANKFURT:CDVN) intends to complete a non-brokered private placement consisting of up to 20,000,000 units at a price of $0.05 per unit for gross proceeds of up to $1,000,000. Each unit shall consist of one common share of the Company and one-half of one share purchase warrant, each whole warrant entitling the holder thereof to purchase one additional common share at a price of $0.12 for a period of 18 months from the closing date.
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 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 $0.12 per share for a period of eighteen months from the date of issue, will be paid. 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 Isibaya Platinum project in the Eastern Bushveld Complex in South Africa. There is a Power Point Presentation of the properties on the Company website. A 43-101 has been completed on the property and is also posted on the Company's web site at www.currierose.com.
BY ORDER OF THE BOARD OF DIRECTORS OF CURRIE ROSE RESOURCES INC.
Harold Smith, Chief Executive Officer
"This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the potential mineralization and geological merits of the and properties and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation."
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.