Business
CopperBank Closes $260,000 Financing
VANCOUVER, BC / ACCESSWIRE / November 23, 2017 / CopperBank Resources Corp. ("CopperBank") (...
About this update from Faraday Copper Corp
[{"type":"text","content":"CopperBank Closes $260,000 FinancingVANCOUVER, BC / ACCESSWIRE / November 23, 2017 / CopperBank Resources Corp. (\"CopperBank\") (CSE: CBK; OTC PINK: CPPKF) is pleased to announce that the Company has completed a non-brokered private placement of 2,000,000 common shares at a price of $0.13 per share for a total of $260,000. No commissions were paid in this financing. \nThe 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. \nThe Company intends to use the net proceeds from the private placement for advancing technical reports and studies on its projects and for general working capital and corporate purposes. \nThe Company also announces that a total of CDN $221,249.86 owed to company management and consultants has been settled in common shares in the company at a deemed price of 0.13 per share. A total of 1,701,922 shares will be issued to settle this amount and will have a four month hold from date of issuance. The shares for debt arrangements are subject to Canadian Securities Exchange approvals and policies.\nOn behalf of CopperBank Resources Corp.,\n\"Gianni Kovacevic\"\nExecutive Chairman\nAddress: Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2\n Tel: 604-889-0852\n E-mail: [email protected]\nWebsite: www.copperbankcorp.com \nAdvisory Regarding Forward-Looking Statements\nCertain 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 reflects management of CopperBank's expectations or beliefs regarding future events. In certain cases, forward-looking statements can be identified by the use of words such as \"plans,\" or \"believes,\" or variations of such words a...