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Copper North Mining Corp (2)
Symbol COL
Shares Issued 77,475,973
Close 2018-01-08 C$ 0.085
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Copper North closes $74,970 private placement

2018-01-09 16:01 ET - News Release

Dr. Harlan Meade reports


Copper North Mining Corp. has the closed its non-brokered private placement for gross proceeds of $74,970.

The company issued 882,000 flow-through shares at a price of 8.5 cents per share.

In consideration of arranging the private placement, the company paid finder's fees of $5,247.90 in cash and non-transferable finder's warrants to purchase up to 61,740 non-flow-through common shares at a price of 12 cents per share and exercisable until Jan. 3, 2020. The shares issuable upon exercise of the finder's warrants are subject to a hold period and may not be traded until May 10, 2018, except as permitted by applicable securities legislation and the rules and policies of the TSX Venture Exchange.

The gross proceeds from the issue of the flow-through shares (as defined in the Income Tax Act (Canada)) will be used on a qualifying flow-through mining expenditure related to the company's exploration project.

About Copper North Mining Corp.

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.

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