Business
Copperbank Closes Private Placement
VANCOUVER, BC / ACCESSWIRE / March 26, 2019 / CopperBank Resources Corp. (''CopperBank'') (C...
About this update from Faraday Copper Corp
[{"type":"text","content":"Copperbank Closes Private PlacementVANCOUVER, BC / ACCESSWIRE / March 26, 2019 / CopperBank Resources Corp. (''CopperBank'') (CSE: CBK) is pleased to announce that the Company has closed its previously announced financing issuing 7,656,548 shares at 0.07 per share for net proceeds of $535,958.36. No finder's fees were paid with this financing.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 and for general working capital and corporate purposes.On behalf of CopperBank Resources Corp.''Gianni Kovacevic''Chief Executive OfficerAddress: Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2Tel: 604-889-0852E-mail: [email protected]: www.copperbankcorp.comCertain 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-looking statements can be identified by the use of words such as ''plans'', or ''believes'', or variations of such words and phrases or statements that certain actions, events or results ''may'', ''could'', ''would'', ''might'' or ''will be taken'', ''occur'' or ''be achieved'' or the negative of these terms or comparable terminology. Examples of forward-looking statements in this news release include, but are not limited to, statements with respect to the Company's ongoing review of its existing portfolio, the involvement of CopperBank in any potential divestiture, spin-out, partnership or other transactions involving the Company's portfol...