Copper Lake Resources Announces Closing of First Tranche of Non-Brokered Private Placement

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Dec 02, 2022

TORONTO, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: WOI, OTC: WTCZF) (“Copper Lake” or the “Company”) is pleased to announce the closing of the first tranche (the “First Tranche”) of its non-brokered private placement financing of up to 23,529,412 Flow-Through Units (the “Units”) of the Company (the “Private Placement”) for gross proceeds of $2,000,000. An aggregate of 8,921,000 Units were sold under the First Tranche at a price of $0.085 per Unit (the “Issue Price”) for gross proceeds of $758,285.