OTTAWA, Oct. 1 /CNW Telbec/ - Caribou Copper Resources Ltd. (the "Corporation") (TSXV: CKR) (formerly YOW Capital Corp.) announced today that it has received notice from Investpro Securities Inc. (the "Agent") on September 29, 2009 that the Agent has exercised their over-allotment option to purchase an additional 308,000 units ("Units") of the Corporation at a price of $0.15 per Unit for gross proceeds of $46,200 (the "Over-Allotment Option"). Each Unit comprises one common share ("Common Share") and one-half of a warrant (a "Warrant") and each whole Warrant entitles the holder to purchase one Common Share at a price of $0.25 until September 1, 2010 and at $0.35 thereafter until September 1, 2011. The closing of the Over-Allotment Option is expected to occur on or about October 9, 2009.
The over-allotment option was granted to the Agent by the Corporation to cover over-allotments and for market stabilization purposes in connection with the Corporation's public offering of Units completed on September 1, 2009.
Further information concerning the Corporation and the Over-Allotment Option can be found in the Corporation's prospectus dated August 11, 2009 and in the Corporation's other filings available on SEDAR at www.sedar.com.
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.
SOURCE Caribou Copper Resources Ltd.
For further information: For further information: Mr. Paul Barbeau, Caribou Copper Resources Ltd., 950 Gladstone Avenue, Suite 120, Ottawa, Ontario, K1Y 3E6, (613) 232-1567 (tel), (613) 232-1658 (fax)