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Copper Lake Resources Announces Warrant Extension
TORONTO, March 27, 2023 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V: CPL) (OTC: WTCZF) (Frankfurt: WOI) (“Copper Lake” or the “Company”) announces tha
About this update from Copper Lake Resources Ltd.
[{"type":"text","content":" TORONTO, March 27, 2023 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V: CPL) (OTC: WTCZF) (Frankfurt: WOI) (“Copper Lake” or the “Company”) announces that the Company intends to extend the exercise period for a total of 20,951,500 share purchase warrants, all of which are exercisable at $0.10 per common share (collectively, the “Warrants”).The warrants were issued pursuant to a private placement that closed in two tranches on April 15, 2021 and May 17, 2021 (see May 26, 2021 news release). The Company proposes to extend the expiry dates for both tranches of these Warrants such that the new expiry date for the Warrants will be November 15, 2023. All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to acceptance by the TSX Venture Exchange. ABOUT COPPER LAKE RESOURCES Copper Lake Resources Ltd. is a publicly traded Canadian mineral exploration and development company with interests in two projects both located in Ontario. www.copperlakeresources.com The Marshall Lake high-grade VMS copper, zinc, silver and gold project, comprises an area of approximately 220 square km located 120 km north of Geraldton, Ontario and is accessible by all-season road from the Trans-Canada Highway and just 22 km north of the main CNR rail line. Copper Lake has a 79.45% interest in the joint ventured property, which consists of 233 claims and 52 mining leases. The project also includes 148 claim cells staked in 2018 and 2020 that are 100% owned and not subject to any royalties, which add approximately 30 square km to the original property. In addition to the original Marshall Lake property above, Marshall Lake also includes the Sollas Lake and Summit Lake properties, which are 100% owned by the Company and are not subject to any royalties. The Sollas Lake property consists of 20 claim cells comprising an area of 4 square km on the east side of the Marshall Lake property where historical EM airborne geophysical surveys have outlined strong conductors on the property hosted within the same favorable felsic volcanic units. The Summit Lake property currently consists of 100 claim cells comprising an area of 20.5 square km, is accessible year-round, and is located immediately west of the original Marshall Lake property. The Marshall Lake project is located in the traditional territories of the Arolan...