(TheNewswire)
Announces Closing of Private Placement
Toronto, Ontario / TheNewswire / November 07, 2017: Further to its news
releases dated September 20, 2017, Caracara Silver Inc. (“CSV” or the “Company”) (TSXV-CSV.H) has closed a non-brokered private
placement.
The company issued 30 million units at a price of 0.5 cents per unit for total gross proceeds of
$150,000. Each unit consists of one common share and one transferable share purchase warrant, and each warrant is exercisable into
one additional common share at a price of 0.5 cents for a period of 12 months from the date of issue. The company will undertake to
consolidate it shares on a minimum of 10 old shares for one new share prior to Feb. 20, 2018.
Completion of the private placement is subject to the final approval of the TSX Venture Exchange,
which has been received. The common shares issued to subscribers resident in Canada in the offering will be subject to a statutory
four-month hold period expiring March 7, 2018. We seek Safe Harbor.
Contact
For further information, contact Nick Tintor, President of Caracara Silver at: (416)
987-0855.
Cautionary and Forward-Looking Statements
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.
Certain information in this news release may contain forward-looking statements that involve substantial known
and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of
which are beyond the control of Columbus, including but not limited to, the uncertainty of the
financing, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals. Readers are
cautioned that the assumptions used in preparing such information, although considered reasonable at the time of preparation, may
prove imprecise and undue reliance should not be placed on forward-looking statements. Forward-looking statements in this press
release are expressly qualified by this cautionary statement.
The forward-looking statements in this press release are made as of the date of this press release, and the
Company undertakes no obligations to update publicly or to revise any of the included forward-looking statements, whether because
of new information, future events or otherwise, except as expressly required by applicable securities law.
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