- Copper Ridge Exploration (COP) has announced a non-brokered private placement for gross proceeds of $3,300,000
- The company will issue 4,400,000 flow-through shares at $0.75 per FT share
- Copper Ridge engages in the acquisition, exploration, and development of mineral property assets in Canada
- Copper Ridge Exploration Inc. (COP) opened trading at C$0.45 per share
Copper Ridge Exploration (COP) has announced a non-brokered private placement for gross proceeds of $3,300,000.
The company will issue 4,400,000 flow-through shares at $0.75 per FT share. The offering is part of a charitable donation arrangement structured by PearTree Securities Inc.
Copper Ridge will use the gross proceeds to incur eligible “Canadian exploration expenses” on its Bus and Highway Lithium Projects. The projects are located in the La Grande Greenstone Belt in the Province of Quebec.
All securities issued will be subject to a statutory four-month hold period.
No fees or commissions will be payable by the company to Peartree in connection with the offering.
Copper Ridge engages in the acquisition, exploration, and development of mineral property assets in Canada. It recently acquired the Highway and Bus Lithium properties in the James Bay region of Quebec. It also holds the Solitude Lake Property 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 locate and develop other economic mineral properties of merit.
Copper Ridge Exploration Inc. (COP) opened trading at C$0.45 per share.
