Corporate Update – On Notice for Continued Listing Requirements
Copper Creek Gold Corp.
Suite 710 - 750 W Pender Street Vancouver, BC V6C 2T7 Telephone: (604) 662-3004 Facsimile: (604) 662-3063
NEWS RELEASE
TSXV Trading Symbol: CPV
CORPORATE UPDATE – ON NOTICE FOR CONTINUED LISTING REQUIREMENTS
VANCOUVER, BRITISH COLUMBIA – August 15, 2017 – Copper Creek Gold Corp. (the “Company”). Further to the Company’s news release of August 14, 2017, the Company wishes to provide the following update regarding its efforts to achieve Continued Listing Requirements (“CLR”) for its continued listing on Tier 2 of the TSX Venture Exchange (the “Exchange”).
The Company does not currently meet CLR requirements and has previously been on notice that, among other things, the Company would need to acquire a property of merit and raise sufficient capital to complete an exploration program in order to meet these requirements. The Company was also required to hold an annual general meeting, which is scheduled to be held tomorrow.
The Company has announced that it is terminating the nonbinding letter of intent with Minera Bonanza Peru S.A. (“Minera Bonanza”) referred to in its news releases dated June 1, 2017 and August 14, 2017, but that Minera Bonanza has agreed to an extension of the exclusivity period with the Company to September 30, 2017, to complete further due diligence on Minera Bonanza and its assets. The Exchange has advised the Company that it will have 90 days from the resumption of trading in which to meet CLR and that a failure to do so will result in the Company being downgraded to the NEX board of the Exchange.
The Company intends to work diligently toward meeting these requirements with a transaction that will be accretive to shareholder value and ensure the Company’s shareholders continue to benefit from the value of trading on a premium platform of the Exchange. Completing a transaction is subject to a number of conditions, including obtaining adequate financing, receipt of regulatory approvals and other conditions and there can be no assurance that a such a transaction will be completed within the 90 day period provided by the Exchange or at all.
The Exchange is expected to announce in a bulletin the date for the resumption of trading in the Company’s shares.
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
”Robert A. Culbert”
Robert A. Culbert Director
FOR FURTHER INFORMATION CONTACT
Gordon Jung Chief Executive Officer Tel: 604-786-3255 Email: [email protected]
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding future plans and objectives of the Company are forward looking-statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include availability of capital and financing, general economic, market or business conditions, regulatory changes, timelines of government or regulatory approvals and other risks inherent in the oil and gas and mineral exploration industries and from the time to time in the filings made by the Company. The Company makes all reasonable efforts to update its corporate material, documentation and forward-looking information on a timely basis, although it may not legally be obligated to do so.