CURRIE ROSE RESOURCES INC.
(the "Company")
Suite 102 –
110B Hannover
Drive
St. Catharines, ON L2W 1A4
Telephone: (905) 688-9731
N E W S R E L E A S E
November
8, 2007
Trading
Symbol: CUI
Closing
of Brokered Private Placement of 5,215,000 units raises $1,668,800
Further
to the Company's news release dated November 6, 2007, the Company is pleased to
announce that it has received TSX Venture Exchange approval for and closed its
private placement of 5,215,000 units at a price of $0.32 per unit to raise
gross proceeds of $1,668,800. The Company currently has an additional $820,000
cash on hand. Each unit is comprised of one common share and one-half of
a non-transferable warrant, each whole warrant exercisable for a period of
eighteen months into one additional common share. Bolder Investment
Partners, Ltd. and other registered dealers participating in the private
placement earned 521,500 commission warrants exercisable for a period of
eighteen months into common shares at a price of $0.45 per share, and were paid
a cash commission of 7.5% of the gross proceeds, $20,280 of which was satisfied
by the issuance of 63,375 units at a deemed price of $0.32 per unit. All
of the shares, warrants and any shares issued upon exercise of the warrants are
subject to a hold period and may not be traded until March 9, 2008 except as
permitted by the Securities Act (British Columbia, Alberta or Ontario, as
applicable) and the Rules made thereunder and the TSX Venture Exchange.
The
majority of the proceeds from the private placement will be expended on the
Mabale Hills gold property in Tanzania.
BY
ORDER OF THE BOARD OF DIRECTORS OF
CURRIE ROSE RESOURCES INC.
"Harold Smith"
Harold Smith, President
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this news release.