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Vancouver, BC, May 11, 2016 - Lorraine Copper Corp. (the 'Company') (TSX-V: LLC) is currently negotiating a private placement agreement, subject to regulatory approval, for the sale of up to 2,000,000 units at a price of $0.05 per unit (each unit comprising one flow-through common shares and one warrant for the purchase of one additional non-flow-through common share at a price of $0.05 per share for a term of five years from the date of closing of the private placement).
Maximum gross proceeds of the offering will be $100,000.
The Company may pay a commission of up to 150,000 common shares on behalf of the placement.
The proceeds of the offering shall be applied to exploration costs for the OK property interest recently acquired from Eastfield Resources Ltd. or other projects which the Company is currently negotiating to acquire.
This offering is subject to approval of the TSX Venture Exchange.
On behalf of the board of directors of the Company;
Donald D. Sharp
Donald D. Sharp, CA-CPA
Director & CFO
Lorraine Copper Corp.
About Lorraine Copper
Lorraine Copper holds a 49% interest in the large Lorraine property in a joint venture with Teck Resources Limited. Lorraine Copper recently announced a purchase agreement for the Okeover (OK) copper-molybdenum project. For more information please visit the Company's website at www.lorrainecopper.com.
FOR FURTHER INFORMATION REGARDING LORRAINE COPPER PLEASE CONTACT:
Paul Way, Business Development Manager
(604) 681-7913 or
Toll Free: (888) 656-6611
The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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Lorraine Copper Corporation
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CODE : LLC.V |
ISIN : CA54418Y1088 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Lorraine Copper est une société d’exploration minière de cuivre basée au Canada. Lorraine Copper détient divers projets d'exploration au Canada. Son principal projet en exploration est LORRAINE au Canada. Lorraine Copper est cotée au Canada. Sa capitalisation boursière aujourd'hui est 10,9 millions CA$ (8,1 millions US$, 7,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 18 février 2011 à 0,30 CA$, et son plus bas niveau récent le 08 novembre 2013 à 0,02 CA$. Lorraine Copper possède 37 620 000 actions en circulation. |