TORONTO, Dec. 30, 2019 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: W0I) ("Copper Lake" or the "Company") announces it has closed the first tranche of the non-brokered private placement of units announced on December 2, 2019 (the “Offering”) with the issuance and sale of 6,500,000 flow-through units (“FT Units”) at a price of $0.020 per FT Unit and 9,633,333 non flow-through units at a price of $0.015 per unit, for gross proceeds of $274,500. Each FT Unit consists of one flow-through common share and one common share purchase warrant (a “Warrant”), with each Warrant being exercisable at $0.05 for two years. Each NFT consists of one common share and one Warrant.
Copper Lake Closes First Tranche of Private Placement
Dec 30, 2019
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