Announcement
Copper Creek Re-Prices Private Placement and Shares for Debt
Dec 22, 2017
Surge Battery Metals
7 min read
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”
Tim Fernback, Director
FOR FURTHER INFORMATION CONTACT
Gordon Jung Chief Executive
Officer Tel: 604‐786‐3255
Email: gordiejung@gmail.com
Contact Information
Email : info@surgebatterymetals.com
Phone : 604-662-8184
Website: surgebatterymetals.com
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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 document may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan” or “planned”, “possible”, “potential”, “forecast”, “intend”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Forwards-looking statements herein, include statements related to the timing of the closing of the Transaction and future news releases. Such statements represent the Company’s current views with respect to future events and are necessarily based upon several assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental (including endangered species, habitat preservation and water related risks) and social risks, contingencies, and uncertainties, including risks related to unforeseen variables preventing the closing of the Transaction. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations.
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Surge Battery Metals (TSXV: NILI | OTCQX: NILIF | FRA: DJ5) is a Canadian-based mineral exploration company advancing America’s mineral independence through the Nevada North Lithium Project (NNLP), the highest-grade lithium clay resource in the United States.
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