Mr. Jevin Werbes reports
DISTRICT COPPER ANNOUNCES PRIVATE PLACEMENT
District Copper Corp. will be proceeding with a private placement financing of up to $250,000 through the issuance of five million units at a price of five cents per unit. Each unit will consist of one share and one transferable share purchase warrant, with each warrant being exercisable at a price of 12 cents for period of two years from the date of issuance.
The funds will be used for general working capital purposes, exploration on the company's 100-per-cent-owned Copper Keg project in British Columbia and potential new acquisition/option opportunities.
About District Copper Corp.
District Copper is a Canadian company engaged in the exploration for porphyry copper deposits in south-central British Columbia.
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