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Published on 11/20/2009 in the Prospect News PIPE Daily.

New Issue: CBR Gold negotiates C$2 million private placement of common share units

By Devika Patel

Knoxville, Tenn., Nov. 20 - CBR Gold Corp. said it plans a C$2 million non-brokered private placement of units.

The company will sell 4 million units at C$0.50 apiece. Each unit consists of one common share and one warrant, with each five-year warrant exercisable at C$0.65.

Proceeds will be used for general working capital purposes.

The exploration and development company is based in Edmonton, Alta.

Issuer:CBR Gold Corp.
Issue:Units of one common share and one warrant
Amount:C$2 million
Units:4 million
Price:C$0.50
Warrants:One warrant per unit
Warrant expiration:Five years
Warrant strike price:C$0.65
Agent:Non-brokered
Pricing date:Nov. 20
Stock symbol:TSX Venture: CBG
Stock price:C$0.58 at close Nov. 19
Market capitalization:C$17.2 million

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