Consolidated Woodjam Copper Corp. Announces Private Placement of up to $2,001,000
Vancouver, April 7, 2022 - Consolidated Woodjam Copper Corp. (the "Company") (TSXV:WCC) announces that it intends to raise up to $2,001,000 by way of the following non-brokered private placements (the "Placement"): (a) up to $1,000,000 by way of a unit private placement at a price of $0.10 per unit, with each unit to consist of one common share and one share purchase warrant, with each warrant to entitle the holder to purchase an additional common share at a price of $0.20 for a period of 24 months from closing; and
(b) up to $1,001,000 by way of a flow-through share private placement at a price of $0.13 per flow-through share.
The Placement will be non-brokered; however, the Company may pay finder's fees in accordance with the rules and policies of the TSX Venture Exchange ("TSX-V"). The Placement is subject to the completion of formal documentation and receipt of all necessary regulatory approvals, including TSX-V acceptance.
Certain insiders of the Company may participate, with full particulars of such participation to be included in the news release announcing the closing of the Placement.
The proceeds will be used by the Company to finance an exploration program at its 100% owned Woodjam project and for general working capital.
The securities issued pursuant to these private placements will be subject to a hold period expiring four months and one day from the date of issuance in accordance with applicable Canadian securities laws.
On behalf of the board of directors of Consolidated Woodjam Copper Corp.
Glen Garratt
Glen Garratt, P.Geo.,
Director
Consolidated Woodjam Copper Corp.
Contact: (604) 681-7913
Toll Free: 888-656-6611
info@eastfieldgroup.com
About Consolidated Woodjam Copper Corp.
Consolidated Woodjam Copper Corp. trades on the TSX-V exchange and, based on its acquisition agreement with Gold Fields, 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
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
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 TO UNITED STATES NEWSWIRE SERVICES