03:33:33 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Copper Creek Gold Corp (2)
Symbol CPV
Shares Issued 29,940,704
Close 2016-10-27 C$ 0.08
Market Cap C$ 2,395,256
Recent Sedar Documents

Copper Creek investor Jung now holds 15.3%

2016-10-28 18:49 ET - News Release

Mr. Bing Jung, shareholder, reports

BING JUNG ANNOUNCES CHANGE IN HOLDINGS OF COPPER CREEK GOLD CORP.

Bing Jung currently has ownership and control over 5,111,809 common shares in the capital of Copper Creek Gold Corp., representing approximately 15.3 per cent of the issued and outstanding common shares. He also has ownership and control over two million share purchase warrants, entitling him to acquire an additional two million common shares of the issuer. If he were to exercise all of his warrants, he would own 7,111,809 common shares, representing approximately 20.1 per cent of the then-issued shares, assuming no other common shares are issued by the issuer.

On Oct. 27, 2016, the issuer completed a non-brokered private placement through the issuance of an aggregate of 3,537,000 units in the capital of the company at a price of six cents per unit. Each unit consisted of one common share and one share purchase warrant. In addition, an aggregate of 3,475,000 share purchase warrants held by Mr. Jung had expired. Prior to completion of the private placement that triggered the requirement to file this report, Mr. Jung had ownership and control over 5,111,809 common shares or 17.1 per cent of the issued and outstanding common shares, and two million share purchase warrants or 22.3 per cent on a semi-diluted basis. As a result of the private placement and expiry of share purchase warrants, the percentage of securities held by Mr. Jung has been reduced.

Mr. Jung acquired the units for investment purposes. He has no current intention to obtain beneficial ownership of additional securities of the issuer; however, he may, in the ordinary course of business, acquire additional securities of the issuer for investment purposes, subject to his undertaking not to exercise any warrants or stock options (of which he has none) if such exercise would result in him holding 20 per cent or greater of the issued and outstanding share capital of the issuer, unless shareholder approval is received. The head office of Copper Creek Gold is located at Suite 710, 750 West Pender St., Vancouver, B.C., V6C 2T7. Mr. Jung will file with the Canadian regulators within the prescribed period an early warning report providing details on the acquisition. The report will be available on SEDAR. In addition, a copy of the report may be obtained by contacting Mr. Jung at 604-657-4317.

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