pcNewsWire – CopperBank Resources Corp. (CSE: CBK) has completed a non-brokered private placement of 4,166,667 common shares at a price of $0.12 per share for a total of $500,000.
The company intends to use the net proceeds from the private placement for advancing its pro-jects and for general working capital and corporate purposes.
News Release
CopperBank Closes $500,000 Financing
Vancouver, B.C., Canada – June 29, 2017 – CopperBank Resources Corp. (“CopperBank”) (CSE: CBK) is pleased to announce that the Company has completed a non-brokered private placement of 4,166,667 common shares at a price of $0.12 per share for a total of $500,000. No commis-sions 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 its pro-jects and for general working capital and corporate purposes.
The Company also announces that a total of CDN $93,000 owed to company management has been settled in common shares in the company at a deemed price of 0.12 per share. A total of 775,000 shares will be issued to settle this amount and will have a four month hold from date of issuance. The convertible loan and shares for debt arrangements are subject to Canadian Secu-rities Exchange approvals and policies.
On behalf of CopperBank Resources Corp.
“Gianni Kovacevic”
Executive Chairman
Address: Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2
Tel: 604-889-0852
E-mail: gk@copperbankcorp.com
Website: www.copperbankcorp.com
