Feb 22, 2017
Copper North Closes Non-Brokered Private Placement Offering
February 22, 2017 - Vancouver, British Columbia -- Copper North Mining Corp. ("Copper North" or the "Company") (TSX.V:COL) announces that it has closed its previously announced non-brokered private placement offering (the "Offering"). The Company raised an aggregate of 2,000,000 Common Share Units ("Common Share Units") at a price of $0.10 per Common Share Unit, for gross proceeds of $200,000.
Each Common Share Unit consists of one common share and one-non-transferable share purchase warrant. Each whole warrant entitles the holder thereof to acquire one Common Share at a price of $0.15 per Common Share for a period of thirty-six (36) months following the closing of the Offering.
All securities issued under the private placement will have a four month statutory hold period expiring on June 23, 2017. The proceeds of the Offering will be used for the drilling and engineering of the Company's Carmacks Project, and for general working capital purposes.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable securities laws or an exemption from such registration is available
About Copper North
Copper North is a Canadian mineral exploration and development company. Its 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.
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
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