Caribou Copper Resources

Published : October 19th, 2015

CARIBOU ANNOUNCES NAME CHANGE AND EXTENSION OF FINANCING

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Keywords :   Canada | Namibia |

CARIBOU ANNOUNCES NAME CHANGE AND EXTENSION OF FINANCING

Released 2015-10-19

October 19, 2015, VANCOUVER, B.C. - CARIBOU KING RESOURCES LTD. ('Caribou' or the 'Company') (TSX-V: CKR) (CB8-FRANKFURT) (CBULF - USA) announces that it intends to change the name of the Company to CKR Carbon Corporation and extend the closing of the previously announced financing.

The name change to CKR Carbon Corporation reflects the Company's core focus on developing its graphite projects in Quebec and Namibia. In particular, the company's Aukam project in Namibia has several surface dumps where previous work, conducted by Gecko Laboratories on behalf of Next Graphite, has demonstrated an average grade of 41.16% Cg from 82 samples of bulk-screened material. In addition to surface material, graphite is exposed in underground adits, although insufficient work has been completed to assess the amount of graphite in the workings. The company is currently rehabilitating the adits in order to assess the potential for future mining of graphite. The name change is subject to approval of the TSX Venture Exchange.

The company has also extended the closing of its previously announced financing (see news releases dated 25 August 2015 and 3 September 2015) until October 30th. The non-brokered private placement is for up to 6.5 million units (the 'Offering') at a unit price of $0.10 per unit for gross proceeds of $650,000. Each Unit is comprised of one common share ('Share') and one-half of one share purchase warrant of the Company (each whole warrant, a 'Warrant'). Each Warrant entitles the holder to purchase an additional Share at a price of $0.15 per Share for a period of 12 months. Proceeds from the Offering will be used to complete a test mining program at the Aukam project, reduce short term payables and for general working capital.

About Caribou King Resources Ltd.

Caribou King Resources Ltd. is a publicly-traded, Canadian company focussed on advancing its portfolio of highly prospective graphite projects at various stages of development in Canada and Namibia. The company is listed on the TSX Venture Exchange under the symbol CKR and has 20.5 million shares outstanding.

Roger Moss Ph.D., P.Geo, Interim CEO and a qualified person has approved the technical information in this news release.

For more information, visit the website at www.caribouking.com or contact:

Roger Moss, Interim CEO, 416-704-8291 or Mike England, Director, (604) 683-3995

E-mail inquiries: [email protected]

'Neither 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.'

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Caribou Copper Resources

PRODUCER
CODE : CKR.V
ISIN : CA1420841027
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Caribou Copper is a copper producing company based in Canada.

Caribou Copper produces copper, molybdenum in Canada.

Its main asset in production is GIBRALTAR MINE in Canada.

Caribou Copper is listed in Canada. Its market capitalisation is CA$ 6.4 millions as of today (US$ 5.0 millions, € 4.2 millions).

Its stock quote reached its lowest recent point on June 27, 2014 at CA$ 0.01, and its highest recent level on July 25, 2014 at CA$ 0.45.

Caribou Copper has 71 020 000 shares outstanding.

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Financings of Caribou Copper Resources
7/6/2011Announces Closing of First Tranches of Its Private Placement...
Corporate news of Caribou Copper Resources
12/18/2015Next Graphite, Inc. Reports up to 96% Natural, Lump, Vein Gr...
11/4/2015Caribou Completes Exploration Program at Buckingham, Reports...
10/19/2015CARIBOU ANNOUNCES NAME CHANGE AND EXTENSION OF FINANCING
10/17/2015CARIBOU BEGINS FURTHER TESTWORK ON AUKAM GRAPHITE SAMPLES
10/8/2015Next Graphite, Inc. Delivers 1,000kg Lower Adit Sample for T...
10/8/2015Caribou Begins Further Testwork on Aukam Graphite Samples
10/6/2015CARIBOU NAMES NEW CEO AND PROJECT MANAGER
10/5/2015Caribou Names New CEO and Project Manager
9/4/2015CARIBOU INCREASES PRIVATE PLACEMENT
8/26/2015CARIBOU ANNOUNCES FINANCING
8/20/2015Next Graphite, Inc. Acquires Remaining Ownership Rights of 1...
8/13/2015AUKAM GRAPHITE MINE ACQUISITION APPROVED
8/13/2015Next Graphite, Inc. Provides Press Issued by J.V. Partner an...
8/13/2015CARIBOU KING BEGINS LARGE-SCALE EXPLORATION PROGRAM AT BUCKI...
8/10/2015Caribou King Begins Large-Scale Exploration Program at Bucki...
4/21/2015Graphite "Flake" Size Does Matter
4/20/2015Caribou Reports Additional High Grade Graphite From Buckingh...
4/2/2015April 1, 2015 - Cavan Ventures Inc. Signs LOI To J.V. Its 10...
4/1/2015Caribou Signs LOI to Acquire Northern Extension of Buckingha...
4/1/2015Signs LOI to Acquire Northern Extension of Buckingham Graphi...
3/19/2015Receives Request for High-Grade Buckingham Graphite Samples ...
3/19/2015Caribou Receives Request for High-Grade Buckingham Graphite ...
3/3/2015Achieves more than 99.9% Graphitic Carbon From Flotation Tes...
3/3/2015Caribou Achieves more than 99.9% Graphitic Carbon From Flota...
2/19/2015Caribou to Perform Graphite Purity Tests on Second Location ...
2/17/2015Caribou Yields Up to 99.4% Graphitic Carbon From Its Remaini...
2/10/2015IIROC Trading Resumption - CKR
2/10/2015Caribou King Yields 99.3% Graphitic Carbon From Initial Puri...
2/9/2015IIROC Trading Halt - CKR
1/5/2015Caribou Announces Austrup to Board
12/1/2014CARIBOU ISSUES CORPORATE UPDATE
10/31/2013King Resources Ltd.: EM Targets Identified on Calumet Graphi...
10/3/2013New Graphite Discoveries at Caribou's TAC Property in Quebec
9/27/2013Acquires Additional Claims at Mulloy and Increases Acreage b...
9/25/2013King Resources Ltd.: Seven Conductors Now Identified Over A ...
9/19/2013Posts 1.6 Kilometer-Long Cross-Section Showing Four EM Condu...
9/18/2013King Discovers Graphitic Marble on Calumet Graphite Property...
9/11/2013King Resources Ltd.: Multiple EM Conductors Identified at Mu...
8/15/2013Acquires Property in Ontario With High Visual Graphite Conte...
8/1/2013Posts Map for Nezen Claims, Ontario
7/29/2013Acquires the Nezen Claims Adjoining Albany Graphite Project,...
7/19/2013Engages Geologist Steven Lauzier for Exploration at Calumet ...
7/3/2013Commences Work at Its Quebec Graphite Projects
4/3/2013Engages Byron Capital Markets
3/14/2013Announces Strategic Plan to Spin-Off Timmins Gold Assets
3/12/2013Acquires Claims Adjoining Timcal Graphite Mine, Quebec
2/25/2013Acquires Graphite Projects in Quebec Including Historic Dril...
11/8/2012Expands Nursey Gold Project Adjacent to SGX Resources in Ont...
10/26/2012Acquires Key Claims at Willa Deposit in Slocan Mining Divisi...
10/12/2012Commences Work at Tahts Reach Gold Property, B.C.
10/12/2012Commences Work at Tahts Reach Gold Property, B.C.
7/20/2011and Alix Increase Land Position Around Wellgreen Project, Yu...
7/18/2011Alix and Caribou Commence Work Program on Vault Property, Yu...
6/14/2011Commences Drilling at Caribou Dome
6/6/2011Commences Mobilization and Work Programs on Yukon Gold, Silv...
5/26/2011Options the Bonaparte Property
5/11/2011Options Five Yukon Properties From Alix Resources
5/4/2011RETAINS MARKET MAKING SERVICES OF VENTURE LIQUIDITY PROVIDER...
5/4/2011Retains Market Making Services of Venture Liquidity Provider...
4/13/2011Renegotiates Caribou Dome Agreement
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