Majuba Hill Copper Corp Closes $2.1 Million Private Placement
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*Press Release July 22, 2022
Majuba Hill Copper Corp Closes $2.1 Million Private
Placement
VANCOUVER, BC — July 22, 2022 — Majuba Hill Copper Corp. (CSE: JUBA / OTC:
JUBAF / FWB: 4NP) (“Majuba Hill Copper” or the “Company”) is pleased to announce
it has closed a non-brokered private placement financing for total gross proceeds of
$2,100,000 (the “Placement”).
The Company has allotted and issued 10,500,000 units (the “Units”) at a price of
$0.20 per Unit. Each Unit is comprised of one common share and one transferable
warrant (“Warrant”). Each Warrant will entitle the holder to purchase one additional
common share for a period of twelve (12) months at a price of $0. 25 per share,
subject to accelerated expiry.
In the event that the Company's common shares trade at a closing price at or greater
than $0.45 per share for a period of five (5) consecutive trading days, the Company
may accelerate the expiry date of the warrants by giving notice to the holders thereof,
and in such case, the warrants will expire on the 30th day after the date on which
such notice is given by the Company.
Company CEO, David Greenway, purchased an aggregate 3,850,000 of the Units
sold.
The Company will use the proceeds from the Placement towards exploration on its
Majuba Hill Property and general working capital. All securities issued are subject to
a four-month-and-one-day hold period expiring on November 23, 2022.
About Majuba Hill Copper Corp.
Majuba Hill Copper Corp. is engaged in the identification, review and acquisition of
latter stage copper and copper/ silver/gold assets. This is in direct response to the
growing worldwide demand and lack of supply for precious metals fueled by the Green
New Deal in the US and most other developed nations with similar programs aimed
at addressing climate change. Such programs are heavily reliant on silver, gold and
especially copper to produce Electric Vehicles and other renewable power sources, as
well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156
miles outside Reno, Nevada, USA. Management has been mandated to focus on safe,
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mining friendly jurisdictions where government regulations are supportive of mining
operations.
On Behalf of the Board of Majuba Hill Copper Corp.
“David Greenway”
David C. Greenway
President & CEO
For further information, please contact:
Joel Warawa
VP of Corporate Communications
P: 1 (855) 475-0745
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking
statements are statements that are not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipat es", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or
that events or conditions "will", "would", "may", "could" or "should" occur. Although Majuba Hill Copper Corp. believes
the expectations expressed in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results may differ materially from those in forward
looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Majuba Hill Copper
Corp. management on the date the statements are made. Except as required by law, Majuba Hill Copper Corp.
undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates
or opinions, or other factors, should change.