
US Copper Corp Completes Non-Brokered Private Placement
A material change report in connection with the Private Placement will be filed less than 21 days before the closing of the Private Placement. The Company believes this shorter period is reasonable and necessary in the circumstances as the Company wished to complete the Private Placement in a timely manner.
The Company intends to use the proceeds of the Private Placement for general working capital purposes and to advance its Moonlight-Superior Copper Project.
In addition, the Company would also like to announce that its Board has approved the grant of 750,000 stock options to certain consultants of the Company, subject to regulatory and TSX Venture Exchange approval. The stock options have been issued with an exercise price of $0.10 per share, vest immediately, and have a 3-year term.
For Further Information, Contact:
Mr. Stephen Dunn, President, CEO and Director, US Copper Corp (416) 361-2827 or email ... .
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 press release.
This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and regulations, including statements regarding the future activities of the Company. Forward-looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "hopes", "anticipates", "expected to", "plans", "planned", "intends" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company's management discussion and analysis as filed with the Canadian securities regulatory authorities which are available at . Investors are cautioned not to place undue reliance upon forward-looking statements.
To view the source version of this press release, please visit
SOURCE: US Copper Corp.

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