7 July 2014
July 07, 2014
Vancouver, British Columbia - Copper North Mining Corp. ("Copper North" or the "Company") (TSX.V:COL) announces that it plans to raise up to $1.3 million by way of a non-brokered private placement (the "Private Placement").
The Private Placement will consist of the sale of up to 5 million flow-through shares at a price of $0.06 per share and the sale of up to 16.7 million units (the "Units") at a price of $0.06 per Unit. Each Unit will consist of one common share of the Company (a "Share") and one half of one non-transferable warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.08 until the first anniversary of the closing of the Private Placement and $0.09 from the day following the first anniversary of the Private Placement until expiry. The Warrants will expire 24 months from closing.