Nov 25, 2014
Copper North Completes Warrant Incentive Program
Vancouver, British Columbia - Copper North Mining Corp. ("Copper North" or the "Company") (TSX.V:COL) is pleased to announce that it has received gross proceeds of $490,000 from the exercise of 7,000,000 warrants issued on April 24, 2014 (the "Original Warrants") as part of its previously announced incentive program to encourage the early exercise of Original Warrants.
Further to the Company's news release dated November 4, 2014, the Company has amended the terms of the Original Warrants such that each holder who exercised its Original Warrants on or before November 24, 2014 (the "Deadline") received, in addition to the common share the holder would have received under the original terms of the Original Warrants, an additional ½ of a share purchase warrant of the Company (each whole such warrant, an "Additional Warrant"). Each Additional Warrant entitles the holder to acquire one common share of the Company at an exercise price of $0.06 until November 25, 2016.
The Additional Warrants and the common shares issuable upon the exercise thereof are subject to a hold period and may not be traded until March 26, 2015 except as permitted by applicable securities legislation. The proceeds from the early exercise of the Original Warrants will be used for general working capital purposes.
Original Warrants not exercised continue to be exercisable for only common shares of the Company according to the Original Warrant terms.
On behalf of the Board of Directors:
"Dr. Harlan Meade"
President, CEO and Director
For Further Information
Dr. Harlan Meade
President and Chief Executive Officer
About Copper North
Copper North is a Canadian mineral exploration and development company. Copper North's assets include the Carmacks Project located in the Yukon, the Redstone Property located in the Northwest Territories, and the Thor Property in British Columbia. Copper North trades on the TSX Venture Exchange under the symbol COL.
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.
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