02:01:57 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Copper North Mining Corp
Symbol COL
Shares Issued 155,690,183
Close 2015-10-08 C$ 0.045
Market Cap C$ 7,006,058
Recent Sedar Documents

Copper North Mining arranges $350,000 private placement

2015-10-09 08:08 ET - News Release

Dr. Harlan Meade reports

COPPER NORTH ANNOUNCES PRIVATE PLACEMENT

Copper North Mining Corp. plans to raise up to $350,000 by way of a non-brokered private placement.

The private placement will consist of the sale of up to seven million units at a price of five cents per unit, each unit consisting of one common share of the company and one warrant. Each warrant will entitle the holder to purchase one additional share at a price of five cents for a period of 60 months from closing.

The company intends to use the proceeds from the private placement for working capital and general corporate purposes.

In addition to the private placement noted above, the company is extending the time frame for closing the flow-through portion of the private placement announced on Sept. 10, 2015.

The private placement is subject to TSX Venture Exchange approval and all securities will be subject to a four-month hold period.

Certain directors and officers of the company may acquire securities under the private placement. Any such participation would be considered to be a related-party transaction as defined under Multilateral Instrument 61-101. The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any securities issued to nor the consideration paid by such persons will exceed 25 per cent of the company's market capitalization.

We seek Safe Harbor.

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