Copper North Completes Over-Subscribed Flow-Through Financing
23.12.2014 | CNW
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - Dec. 23, 2014) - Copper North Mining Corp. ("Copper North" or the "Company") (TSX VENTURE:COL) announces that it has completed the over-subscribed flow-through portion of the non-brokered private placement (the "Private Placement") announced on November 24, 2014, as revised December 19, 2014.The Company issued 9,639,666 flow-through shares at a price of $0.06 per flow-through share for aggregate gross proceeds of $578,380 on December 22, 2014. The Company paid aggregate finders' fees of $42,509 in cash and 687,483 finders' warrants. Each finder's warrant entitles the holder to purchase one additional common share of the Company at a price of $0.06 until December 22, 2016.
All flow-through shares, finders' warrants and any shares issued upon exercise of finders' warrants are subject to a hold period and as such may not be traded until April 23, 2015.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable securities laws or an exemption from such registration is available.
On behalf of the Board of Directors:
Dr. Harlan Meade
President, CEO and Director
About Copper North
Copper North is a Canadian mineral exploration and development company. Copper North's 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.
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.
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES
Contact
Copper North Mining Corp.
Dr. Harlan Meade, President and Chief Executive Officer
604.398.3210 or Toll Free: 1.844.401.2646
604.398.3456 (FAX)
info@coppernorthmining.com
www.coppernorthmining.com