Mr. Gianni Kovacevic reports
COPPERBANK ANNOUNCES PRIVATE PLACEMENT
Copperbank Resources Corp. plans to issue between 14 million and 18 million common shares at a price of seven cents per share by way of private placement. The company has initial interest in the financing to complete the minimum range of the proposed financing, and it is anticipated that the financing will close in the very near future.
The private placement is subject to the approval of the Canadian Securities Exchange, and the securities will be subject to a four-month-and-one-day hold period under securities laws. The company intends to use the net proceeds from the private placement to advance its portfolio of copper projects and for general working capital.
Copperbank is a Canadian exploration mining company focused on energy-related metal exploration in the United States.
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