Lowell Copper

Published : September 17th, 2014

Lowell Copper Announces Exercise of Warrants; Results of 2014 Annual General Meeting

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Keywords :   Copper | Market | Market Conditions |

Lowell Copper Announces Exercise of Warrants; Results of 2014 Annual General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 17, 2014) - Lowell Copper Ltd. (TSX VENTURE:JDL) ("Lowell Copper" or the "Company") is pleased to announce that 95% of the 4,370,000 warrants (the "Warrants") issued on September 14, 2009 (see news release dated September 17, 2009) have been exercised, raising gross proceeds of $641,700. Pursuant to such exercise, Lowell Copper has issued an aggregate of 2,070,000 common shares (the Company's common shares were consolidated on a two-for-one basis as part of the reverse takeover transaction completed on July 9, 2013 (the "RTO")). Of the common shares issued on the exercise of the Warrants 420,000 of such common shares are subject to the terms of an escrow agreement dated as of July 9, 2013 among the Company, Computershare Investors Services Inc. and certain securityholders in connection with the RTO (see news release dated July 9, 2013). The remaining Warrants have expired.

Annual General Meeting Results

The Company also announces that all shareholder resolutions proposed at the Company's 2014 annual general meeting of shareholders held on September 10, 2014 were duly passed. Specifically the shareholders passed resolutions approving: the consolidated financial statements of the Company for the financial year ended December 31, 2013, together with the reports of the auditors thereon; the re-election of J. David Lowell, Catherine McLeod-Seltzer, David De Witt, Marcel de Groot, Greg Smith and Shannon Shaw as the directors of the Company; the re-appointment of Grant Thornton LLP as the auditors of the Company; the re-approval of the Company's stock option plan and amendments to the articles of the Company to provide for the use of "notice-and-access" by the Company in calling meetings of its shareholders.

About Lowell Copper

Lowell Copper is a copper exploration and development focused company led by J. David Lowell and is listed on the TSX Venture Exchange. The Company was founded to leverage the current market conditions and build a portfolio of economic copper projects through a combination of exploration, mergers and acquisitions by utilizing the considerable experience and success of management and directors of the Company.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACEY OR ACCURACY OF THIS RELEASE.

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Lowell Copper

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CODE : JDL.V
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Lowell Copper is a exploration company based in Canada.

Its main exploration property is SANTA MARTA in Mexico.

Lowell Copper is listed in Canada. Its market capitalisation is CA$ 105.3 millions as of today (US$ 78.9 millions, € 73.9 millions).

Its stock quote reached its lowest recent point on January 15, 2016 at CA$ 0.12, and its highest recent level on October 14, 2016 at CA$ 2.19.

Lowell Copper has 67 480 000 shares outstanding.

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Corporate news of Lowell Copper
9/4/2015Lowell Copper Ltd. Terminates Santa Marta Option Agreement
2/13/2015Lowell Copper Announces Grant of Options
2/11/2015Cornerstone Metals Inc. Options West Jerome Project to Lowel...
2/11/2015Lowell Copper Provides Corporate Update
10/15/2014Lowell Copper Provides Project Exploration Update
9/17/2014Lowell Copper Announces Exercise of Warrants; Results of 201...
3/25/2014Lowell Copper and Minaurum Execute Definitive Option Agreeme...
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