VANCOUVER, BC / ACCESSWIRE / August 18, 2017 / CopperBank Resources Corp. ("CopperBank" or the "Company") (CSE: CBK) (OTC PINK: CPPKF) is pleased to announce that the Company has completed a non-brokered private placement of 5,173,366 units at a price of $0.15 per unit for a total of $776,004.90. Each unit will consist of a full five-year warrant exercisable at $0.25 per share. If the common shares of the Company trade at $0.40 per share or higher for twenty consecutive trading days, the Company may accelerate the conversion of the warrants.
The financing consisted of 27 subscribers and no fees were paid.
The private placement is subject to the approval of the Canadian Securities Exchange and the securities will be subject to a four month and one day hold period under securities laws.
The Company intends to use the net proceeds from the private placement for advancing its projects and for general working capital and corporate purposes.
