Carube Announces Private Placement
FOR IMMEDIATE RELEASE
OTTAWA, ONTARIO
January 23, 2017
Carube Announces Private Placement
Carube Copper Corp. (CUC:TSXV) (the “Company”) announces today that, subject to TSX Venture Exchange
(“TSXV”) approval, it intends to raise an aggregate of $1,600,000 by way of a non-brokered private placement of
up to 20,000,000 Units of the Company (“Units”) at a price of $0.08 per Unit (the “Offering”).
Each Unit will be comprised of one common share in the capital of the Company (a “ Common Share”) and one
half of one Common Share purchase warrant (each whole such warrant, a " Warrant"). Each Warrant shall be
exercisable into one Common Share at a price of $0.1 5 per Common Share for a period of two years from the
closing date of the Offering.
The proceeds of the Offering will be used for copper and gold exploration and for general working capital
purposes. The actual allocation of net proceeds may vary depending on future operations or unforeseen events or
opportunities. The closing of the Offering is expected to occur on or before February 3, 2017 or such other date as
the Company may determine (the “Closing Date”).
Finders who source funds may earn a cash commission of up to 7% of the gross proceeds raised by such finder
and may receive warrants (“Finder Warrants”) entitling the finder to purchase that number of Units @ $0.08 per
Unit equal to 7% of the number of Units sold by such finder.
Existing Shareholder Exemption
Depending on demand and regulatory requirements, a portion of the Offering may be made in accordance with the
provisions of the existing shareholder exemption (the “ Existing Shareholder Exemption ") contained in
Multilateral CSA Notice 45-313 and the various correspondi ng blanket orders and rules of participating
jurisdictions, as well as the amendments to Rule 45-501- Ontario Prospectus and Registration Exemptions in
Ontario. In addition to conducting the Offering pursuant to the Existing Shareholder Exemption, it will also be
conducted pursuant to the “Accredited Investor” and other available prospectus exemptions. The Company has set
January 20, 2017 as the record date (the “ Record Date ”) for the purpose of determining existing shareholders
entitled to purchase the Units pursuant to the Existing Shareholder Exemption.
In the event that subscriptions received for the Offeri ng based on available exemptions exceed the maximum Unit
Offering of $1,600,000, the Company may seek to increas e the size of the Offering and obtain Exchange approval
for such an increase. This Offering and the terms and cond itions thereof are in lieu of those previously announced
by the Company on October 31, 2016.
If you are an existing shareholder of the Company who held Common Shares as of the record date and are
interested in participating in the Offering, you should contact Darrell Munro by email at
[email protected]. It is anticipated that officers and direct ors of the Company may participate in the
Offering.
—END PRESS RELEASE —
Contacts
Jeff Ackert, President and CEO • 1-613-839-3258 • [email protected]
Vern Rampton, Executive VP of Corporate Development • 1-613-839-3258 • [email protected]
Alar Soever, Chairman • 1-705-682-9297 • [email protected]
www.carubecopper.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this release.
Carube Copper Corp. (CUC:TSXV) is a Canadian exploration compan y focused on the exploration and
development of copper and gold projects in Jamai ca and Canada. In Jamaica, Carube Copper holds a 100%
interest in 11 licenses, totalling over 535 square kilometres . In Canada, Carube Copper holds a 100% interest in
three porphyry copper-gold-molybdenum properties, totalli ng 593 square kilometres within the Tertiary-aged
Cascade Magmatic Arc in southwestern British Columbia. E xploration licences in Jamaica and exploration claims
in Canada are subject to various underlying royalties. Expl oration continues on these properties with the goal of
adding value in order to joint-venture to larger exploration and mining companies.
DISCLAIMER & FORWARD LOOKING STATEMENTS
This news release includes certain “f orward-looking statements” which are not comprised of historical facts.
Forward-looking statements are based on assumptions and address future events and conditions, and by their very
nature involve inherent risks and uncertainties. Alt hough these statements are based on currently available
information, Carube Copper Corp. provides no assurance that actual results will meet management’s expectations.
Factors which cause results to differ materially are set out in the Company’s documents filed on SEDAR. Undue
reliance should not be placed on “forward looking statements.”
IMPORTANT NOTICE: By reference herewith, Carube Copper in corporates into this release the entire
disclaimer set forth on its website at http://carubecopper.com/disclaimer.htm