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Caerus Resource announces non-brokered private placement

Wed, Nov 11, 2009

Gold Company News

Caerus Resource Corporation (TSX-V: CA)today announced a non-brokered private placement financing of up to 3,000,000 units at a price of $ 0.36 per unit, for total gross proceeds of $ 1,080,000.

The press release is quoted as saying:

Each unit will be comprised of one common share and one two year non-transferrable share purchase warrant. The warrant entitles the holder to acquire an additional share of the Company at a price of $ 0.55 per share in year one, and at a price of $ 0.75 per share in year two.

Click here to access the entire press release

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Asides

  • For upcoming gold investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo

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  • The Gold Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

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  • GoldInvestingNews.com maintains a focus on Gold exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.

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  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

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