News Release, December 22, 2017, Vancouver, British Columbia– Copper Creek Gold Corp.; TSXV:‐CPV (the “Company”) announces that further to the Company’s news release dated December 11, 2017 and the pricing requirements of the TSX Venture Exchange (“Exchange”), the Company has re‐priced its previously announced non‐brokered Private Placement.
The Company is now issuing 21,875,000 units (“Units) at a price of $0.08 per Unit for gross proceeds of $1,750,000. Each Unit is comprised of one common share of the Company and one share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.08 per share, for a period of two years from closing, subject to Exchange approval.
Finder’s fees will be paid in connection with the private placement and all finder’s fees payable are subject to Exchange approval.
The proceeds of the Private Placement will be used for new project due diligence and acquisition, exploration and for general working capital purposes.
The Company is also repricing is previously announced shares for debt transaction. The Company has agreed to settle its debt obligations with certain creditors of the Company in the amount of up to $205,000 through the issuance of up to 1,562,500 units of the Company at a price of $0.08 per unit (“Unit”) and up to 1,000,000 common shares of the Company at a price of $0.08 per common share. Each Unit is comprised of one common share of the Company and one share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.08 per share, for a period of two years from closing, subject to Exchange approval.
All securities issued in connection with the private placement and shares for debt transactions are subject to a four month and a day hold period in accordance with applicable Securities Laws.
About Copper Creek Gold:
The Company is a Canadian‐based mineral exploration company which has been active in the resource sector in British Columbia and elsewhere in Western Canada.
ON BEHALF OF THE BOARD
Tim Fernback, Director
FOR FURTHER INFORMATION CONTACT
Gordon Jung Chief Executive
Officer Tel: 604‐786‐3255
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 adequacy or accuracy of this release.
This news release may contain forward‐looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward‐looking. Forward‐looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward‐looking statements.