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Copperbank Announces Close of Non-Brokered Private Place-Ment
VANCOUVER, CANADA / ACCESSWIRE / February 11, 2020 / CopperBank Resources Corp. ("CopperBan...
About this update from Faraday Copper Corp
[{"type":"text","content":"Copperbank Announces Close of Non-Brokered Private Place-MentVANCOUVER, CANADA / ACCESSWIRE / February 11, 2020 / CopperBank Resources Corp. (\"CopperBank\" or the \"Company\") (CSE:CBK)(OTCPINK:CPPKF)(FRA:9CP) is pleased to announce the closing of the 2nd and final tranche of its previously announced private placement. The second tranche of the private placement consisted of the issuance of 3,166,333 shares for a total of $189,980. In its entirety, the private placement issued 8,166,333 shares at a price of $0.06 per share for a total of $489,980. No finder's fees were paid as part of this private placement.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 to maintain its portfolio of projects as well as general working capital.The Company also announces that it has issued 1,000,000 shares at a price of $0.07 for the settlement of $70,000 of previous management fees.About CopperBankCopperBank is a Canadian exploration mining company focused on energy-related metal exploration in the United States of America. The Company trades on the Canadian Securities Exchange - CSE- under the symbol \"CBK\".On behalf of CopperBank Resources Corp.\"Gianni Kovacevic\"Address: Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2Tel: 604-889-0852E-mail: [email protected]: www.copperbankcorp.comAdvisory Regarding Forward-Looking StatementsCertain information in this release constitutes forward looking statements or information (\"forward-looking statements\") under applicable securities laws and necessarily involves risks and uncertainties. Forward-looking statements included herein are made as of the date of this news release and, except as required by applicable law, CopperBank does not undertake any obligation to update or revise any of the forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Forward-looking statements relate to future events or future performance and reflect management of CopperBank's expectations or beliefs regarding future events. In certain cases, forward-lo...