Business
CopperBank Shareholders Overwhelmingly Approve Name Change to Faraday Copper Corp. and New Board Members; Company Announces Non-Brokered Equity Raise of Up To $15 Million
CopperBank Shareholders Overwhelmingly Approve Name Change to Faraday Copper Corp. and Ne...
About this update from Faraday Copper Corp
[{"type":"text","content":"\n \n \n \n CopperBank Shareholders Overwhelmingly Approve Name Change to Faraday Copper Corp. and New Board Members; Company Announces Non-Brokered Equity Raise of Up To $15 Million\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 19, 2022\n \n \n /CNW/ - CopperBank Resources Corp. (\"\n \n CopperBank\n \n \" or the \"\n \n Company\n \n \") (CSE: CBK) is pleased to announce that shareholders voted overwhelmingly at this morning's annual and special general meeting to (i) approve the name change to Faraday Copper Corp. and (ii) approve the new slate of directors, with over 98% of the votes cast in favor.\n \n \n \n Russell Ball\n \n , Chair of the Board, commented: \"I would like to thank Gianni, Giulio and Tony for their contributions and stewardship of the Company.  I am very excited to welcome Kathy, Audra, Rob and Randy to the Board and I look forward to them helping guide Paul and his team with the delivery of the technical work to de-risk the projects, advance the permitting processes and in so doing, unlocking the inherent value at both Copper Creek and Contact Copper.\"\n \n \n \n Paul Harbidge\n \n , President & CEO, commented: \"Based on strong strategic and institutional investor interest, I am pleased to announce a non-brokered, private placement of up to\n \n $15 million\n \n in equity.  This raise will enable us to deliver the following key milestones over the next fifteen months: (i) a new open-pit and underground mineral resource estimate for Copper Creek; (ii) 10,000 metres of Phase II diamond drilling at Copper Creek; (iii) 5,000 metres of reconnaissance drilling at Contact Copper; (iv) an updated mineral resource estimate for Contact Copper; and most significantly, (v) an updated Preliminary Economic Assessment for Copper Creek by the end of the second quarter of 2023.\"\n \n \n \n \n Private Placement:\n \n \n \n \n The Company is pleased to announce that it will be launching a private placement offering of common shares at an offering price of\n \...