Vancouver, B.C. / TheNewswire / February 15, 2018 - Lorraine Copper Corp. ("Lorraine" or the "Company") announces that it has closed the private placement announced January 12, 2018.
Closing consisted of the issuance of 6,130,000 units at a price of $0.10 per unit, for total consideration of $613,000 with each unit consisting of one common share and one share purchase warrant (the "Warrant"), with each whole Warrant entitling the holder to purchase one additional common share at a price of $0.20 until February 9, 2020.
All of the securities issued pursuant to this private placement, including any shares issued pursuant to the exercise of the Warrants forming part of the units, are subject to a hold period which expires on June 10, 2018.
About Lorraine Copper
Lorraine Copper holds is a Canadian mineral exploration company that is acquiring and advancing copper, gold, zinc, silver and molybdenum projects at intermediate to advanced stages that hold significant resources. Lorraine Copper currently owns three properties all of which have defined resources: Lorraine, OK and Stardust (formerlyLustdust). The Stardust project is subject to an option/joint venture with Sunmetals Corp.and the Lorraine project is subject to a joint venture with Teck /Resources. For more information please visit the Company's website at www.lorrainecopper.com.
