Copper Ridge Closes $751,000 Private Placement
November 2, 2022
VANCOUVER, BRITISH COLUMBIA, NOVEMBER 2, 2022 – COPPER RIDGE EXPLORATION INC. (the “Company”) (CSE: “COP”) is pleased to announce that further to its news release of September 20, 2022, it has closed its private placement in the amount of 7,510,000 units at $0.10 per unit (a “Unit”) for total gross proceeds of $751,000. Each Unit consists of one common share of the Company and one transferable share purchase warrant, with each warrant exercisable into one additional common share at a price of $0.20 per share for a period of two years from date of issue.
All securities issued in respect of the placement are subject to a regulatory hold period expiring four months and one day from the date of issue.
The proceeds of the private placement will be used in conjunction with the acquisition of the Highway Lithium Project and the Bus Lithium Project (see news release dated September 20, 2022) and for general working capital.
The terms of the Offering are subject to satisfactory notice to the Canadian Securities Exchange.
About the Company
The Company is engaged in the acquisition, exploration and development of mineral property assets in Canada. The Company recently acquired the Highway and Bus Lithium properties in the James Bay region of Quebec and also holds the Solitude Lake Property located near the Savant Lake area in the Patricia Mining Division, Ontario. The Company’s objectives are to conduct exploration programs on its Solitude Lake Property and Quebec Lithium properties and to locate and develop other economic mineral properties of merit.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard Dale Ginn
Chief Executive Officer
Not for distribution to United States newswire services or for dissemination in the United States.
The offered securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable state securities laws and may not be offered or sold in the United States or to “U.S. persons”, as such term is defined in Regulation S under the U.S. Securities Act, absent such registration or an applicable exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the offered securities in any jurisdiction.
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED
NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.