CopperBank Closes $260,000 Financing
Vancouver, B.C., Canada – November 23, 2017 – CopperBank Resources Corp. (“CopperBank”) (CSE: CBK) is pleased to announce that the Company has completed a non-brokered private placement of 2,000,000 common shares at a price of $0.13 per share for a total of $260,000. No commissions were paid in this financing.
The private placement is subject to the approval of the Canadian Securities Exchange and the securities will be subject to a four month and one day hold period under securities laws.
The Company intends to use the net proceeds from the private placement for advancing technical reports and studies on its projects and for general working capital and corporate purposes.
The Company also announces that a total of CDN $221,249.86 owed to company management and consultants has been settled in common shares in the company at a deemed price of 0.13 per share. A total of 1,701,922 shares will be issued to settle this amount and will have a four month hold from date of issuance. The shares for debt arrangements are subject to Canadian Securities Exchange approvals and policies.
On behalf of CopperBank Resources Corp.
Address: Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2