Skip to main content

Copper Lake Announces Closing of Private Placement

Written by Customer Service on . Posted in Public Companies.

TORONTO, Nov. 18, 2019 (GLOBE NEWSWIRE) — Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: W0I) (“Copper Lake” or the “Company”) announces the final closing of the non-brokered private placement of units announced on March 14, 2019 (the “Private Placement”) raising a total of $81,000 (the “Offering”).
On June 18, 2019, the Company announced the closing of the first tranche of the private placement for aggregate gross proceeds of 81,000 by way of the issuance and sale of 2,300,000 flow-through units (“FT Units”) at a price of $0.025 per FT Unit.  Each FT Unit consists of one flow-through common share and one common share purchase warrant (a “FT Warrant”), with each Warrant being exercisable at $0.05 for two years. In connection with the closing of the Offering, the Company has paid finders’ fees of $4,130 and has also issued 166,250 non-transferrable units (“Finder’s Units”) to certain arm’s length finders.  Each Finder’s Unit includes one common share and entitles the holder to acquire one additional common share at a price of $0.05 for a period of 24 months from the closing date.The proceeds from the issuance of the FT Units will be used to incur qualified Canadian exploration expenses for exploration on the Marshall Lake property in connection with the winter drill program.  Net proceeds from the issuance of the NFT Units will be used for general corporate purposes.  All securities issuable are subject to a four-month hold period from the closing date.The Private Placement has been conditionally approved by the TSX Venture Exchange but remains subject to final exchange approval.About Copper Lake Resources

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.