Received by email:
File: COL-NR-Nov22-2016.pdf
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES
Copper North Announces $1,000,000 Non-Brokered Private Placement Offering
November 22, 2016 - Vancouver, British Columbia Copper North Mining Corp. ("Copper North" or the
"Company") (TSX.V:COL) announces a non-brokered private placement offering (the "Offering") to sell up
to 2,307,692 flow through shares ("Flow-Through Shares") at a price of $0.13 per Common Share and
6,363,636 common share units ("Common Share Units") at price of $0.11 per Common Share to raise
gross proceeds of up to $1,000,000.
The gross proceeds from the issue of the flow through shares (as defined in the Income Tax Act (Canada))
(the "Tax Act") included in the Flow Through Shares will be used on a qualifying "flow-through mining
expenditure" (as defined in Tax Act) related to the Company's exploration project. The Company intends
to renounce Canadian Exploration Expenses (as defined in the Tax Act) with an effective date of no later
than December 31, 2016.
Each Common Share Unit consists of one Common Share and one-half of a non-transferable share
purchase warrant. Each whole warrant entitles the holder thereof to acquire one Common Share at a price
of $0.16 per Common Share for a period of twenty-four (24) months following the closing of the Offering.
Warrants will NOT be listed for trading. The proceeds from the issue of the Common Share Units will be
used for working capital purposes.
The net proceeds of the flow-through shares of the Offering will be used for the drilling, exploration and
development activities of the Company`s Thor Property and the expansion of Carmacks copper to
prefeasibility level . The net proceeds of the common share units will be used for general working capital
purposes.
Closing of the Offering is anticipated to occur on or before December 16, 2016 and is subject to receipt of
applicable regulatory approvals including approval of the TSX Venture Exchange. All securities will be
subject to a four month hold.
The securities have not been and will not be registered under the U.S. Securities Act of 1933, as
amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or
indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons
(as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from
the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy
such securities in the United States.
1
---> 2
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
Tel: 604.398.3451
Email: info@coppernorthmining.com
Web: www.coppernorthmining.com
This news release includes certain forward-looking information or forward-looking statements for the purposes of
applicable securities laws. These statements include, among others, statements with respect to the completion of the
proposed Private Placement; the price of securities issued pursuant to the Private Placement; use of proceeds from
the Private Placement; and proposed exploration and development activities and their timing. These statements
address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors,
which may cause the actual results, performance or achievements to differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ materially from the Company's expectations
include, among others, the timeliness and success of regulatory approvals, the timing and success of future exploratio
--->n
and development activities, exploration and development risks, market prices, exploitation and exploration results,
availability of capital and financing, general economic, market or business conditions, uninsured risks, regulatory
changes, defects in title, availability of personnel, materials and equipment, unanticipated environmental impacts on
operations and other exploration risks detailed herein and from time to time in the filings made by the Company with
securities regulators. In making the forward-looking statements, the Company has applied several material
assumptions including, but not limited to, the assumptions that the Private Placement will receive regulatory approval
and will proceed as planned, the proposed exploration and development of the mineral projects will proceed as planned,
market fundamentals will result in sustained metals and mineral prices, and any additional financing needed will be
available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future events or otherwise except as otherwise
required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
File: COL-NR-Nov22-2016.docx
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES
Copper North Announces $1,000,000 Non-Brokered Private Placement Offering
November 22, 2016 - Vancouver, British Columbia - Copper North Mining Corp. ("Copper North" or the "Company") (TSX.V:C
--->OL) announces a non-brokered private placement offering (the "Offering") to sell up to 2,307,692 flow through shares
--->("Flow-Through Shares") at a price of $0.13 per Common Share and 6,363,636 common share units ("Common Share Units") a
--->t price of $0.11 per Common Share to raise gross proceeds of up to $1,000,000.
The gross proceeds from the issue of the flow through shares (as defined in the Income Tax Act (Canada)) (the "Tax Act
--->") included in the Flow Through Shares will be used on a qualifying "flow-through mining expenditure" (as defined in T
--->ax Act) related to the Company's exploration project. The Company intends to renounce Canadian Exploration Expenses (
--->as defined in the Tax Act) with an effective date of no later than December 31, 2016.
Each Common Share Unit consists of one Common Share and one-half of a non-transferable share purchase warrant. Each w
--->hole warrant entitles the holder thereof to acquire one Common Share at a price of $0.16 per Common Share for a period
---> of twenty-four (24) months following the closing of the Offering. Warrants will NOT be listed for trading. The proc
--->eeds from the issue of the Common Share Units will be used for working capital purposes.
The net proceeds of the flow-through shares of the Offering will be used for the drilling, exploration and development
---> activities of the Company`s Thor Property and the expansion of Carmacks copper to prefeasibility level . The net pro
--->ceeds of the common share units will be used for general working capital purposes.
Closing of the Offering is anticipated to occur on or before December 16, 2016 and is subject to receipt of applicable
---> regulatory approvals including approval of the TSX Venture Exchange. All securities will be subject to a four month
--->hold.
The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 A
--->ct"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within
--->the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act
--->) absent registration or an applicable exemption from the registration requirements. This news release does not consti
--->tute an offer to sell or a solicitation to buy such securities in the United States.
About Copper North
Copper North is a Canadian mineral exploration and development company. Its assets include the Carmacks Project locate
--->d 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
Tel: 604.398.3451
Email: info@coppernorthmining.com
Web: www.coppernorthmining.com
This news release includes certain forward-looking information or forward-looking statements for the purposes of appli
--->cable securities laws. These statements include, among others, statements with respect to the completion of the propo
--->sed Private Placement; the price of securities issued pursuant to the Private Placement; use of proceeds from the Priv
--->ate Placement; and proposed exploration and development activities and their timing. These statements address future
--->events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause
--->the actual results, performance or achievements to differ materially from those anticipated in such statements. Import
--->ant factors that could cause actual results to differ materially from the Company's expectations include, among others
--->, the timeliness and success of regulatory approvals, the timing and success of future exploration and development act
--->ivities, exploration and development risks, market prices, exploitation and exploration results, availability of capit
--->al and financing, general economic, market or business conditions, uninsured risks, regulatory changes, defects in tit
--->le, availability of personnel, materials and equipment, unanticipated environmental impacts on operations and other ex
--->ploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.
--->In making the forward-looking statements, the Company has applied several material assumptions including, but not limi
--->ted to, the assumptions that the Private Placement will receive regulatory approval and will proceed as planned, the p
--->roposed exploration and development of the mineral projects will proceed as planned, market fundamentals will result i
--->n sustained metals and mineral prices, and any additional financing needed will be available on reasonable terms. The
--->Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as
--->a result of new information, future events or otherwise except as otherwise required by applicable securities legislat
--->ion.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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