Gespeg Copper Resources closes $94K first tranhce of private palcement

Gespeg Copper Resources



News Release

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GESPEG CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Saskatoon, Saskatchewan, October 18th, 2017 – GESPEG COPPER RESOURCES INC. (TSX-V:GCR) (the “Company” or “Gespeg”) announces that it has completed the first tranche of its private placement (the “Offering”) and has raised gross proceeds of $94,000. The first tranche closing consisted of 733,333 units (the “Units”) at a price of $0.06 per Unit. Each Unit consists of one common share in the capital of the Company (a “Share”) and one-half of one share purchase warrant (a “Warrant”). Each full Warrant will entitle the holder to purchase one Share at a price of $0.10 exercisable until October 17th, 2020 and 624,750 flow-through shares (the “FT Shares”) at $0.08. A finder’s fee will be paid to Raymond James Ltd. for the amount of $2940.00 and 37,188 broker warrants issued at a price of 0.10 exercisable until April 17th, 2019. The Company anticipates a second closing in October 2017 (the “Second Tranche”).

The proceeds of this first tranche will be for the drilling program on Tetrault 1, Tetrault 2, and Anacon Lead 2 tailings projects situated in the Notre-Dame de Montauban region.

Mr Vincent Jourdain of MRB & Associates has been retained to execute the NA 43-101. Mr. Jourdain already executed the NA 43-101 on Anacon 1 tailing project in 2012. Mr.Jourdain has done his Master degree and a PhD on the Montauban deposit and also worked several years for different mining companies in the sector.

About Gespeg Copper Resources Inc.: Gespeg is an exploration company with a focus on copper, especially in a grossly underexplored region “Gaspé, Québec”. With a dedicated management team, the Company’s goal is to create shareholder wealth through the discovery of new deposits.

GESPEG COPPER RESOURCES INC.
(signed) “Sylvain Laberge”
Sylvain Laberge
President and CEO
514.702.9841
Slaberge@gespegcopper.com

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