Consolidated Woodjam Copper Loan Agreement Clarification
Vancouver, BC / TheNewswire / February 17, 2016 - Consolidated Woodjam Copper Corp. ("Woodjam Copper") (TSX-V: WCC) would like to issue a clarification of the news release issued on August 5th 2015.
The private loan to Woodjam Copper for the amount of $100,000 is from Eastfield Resources Ltd. (TSX-V: ETF), a company which is non-arm's length, since there are three directors in common. The term of the loan agreement is for a period of three years bearing an interest rate of 10% per annum.
No finder's fees, bonuses or commissions are payable with respect to the loan, and there is no arrangement to issue securities in connection with the loan.
Proceeds from the loan shall be applied to pay budgeted administration costs.
Bill Morton
J. William Morton, P.Geo.
President and CEO
Consolidated Woodjam Copper Corp.
Contact: Paul Way, Business Development Manager
(604) 681-7913 or Toll Free: 888-656-6611
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 news release.
Consolidated Woodjam Copper Corp. ("Woodjam Copper") (TSX-V: WCC) trades on the TSX-V exchange and currently owns a 100% interest in the Woodjam North and Woodjam South projects in British Columbia. Visit the Company's website at: http://www.woodjamcopper.com
Suite 110 - 325 Howe Street, Vancouver, BC, V6C 1Z7, Canada
Phone: (604) 681-7913 or toll free at 1-888-656-6611 Fax: (604) 681-9855 email: office@woodjamcopper.com
Web: http://www.woodjamcopper.com/
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