Coast Copper CEO Increases Ownership Position to 14.27% TSX. V: COCO
Coast Copper CEO Increases Ownership
Position to 14.27%
TSX. V: COCO
VANCOUVER, BC
,
Nov. 9, 2023
/CNW/ -
Coast Copper Corp. ("Coast Copper"
or the
"Company")
(TSXV: COCO) announces that an early warning report ("
EWR
") has been filed by Mr.
Adam Travis
, CEO and a Director of the Company. Since his initial EWR on
September 28, 2022
,
Mr. Travis has indirectly acquired, through Cazador Resources Ltd. ("
Cazador
"), a private company
controlled by him, an additional 1,105,000 common shares of the Company and has received an
additional 400,000 incentive stock options. These transactions (the "
Transactions
") have increased
his share ownership in the Company's current issued and outstanding shares by 2.02% on a partially
diluted basis.
Prior to the Transactions, Cazador held 5,946,500 common shares of the Company, 900,000
incentive stock options and 1,260,000 share purchase warrants. This represented 12.25% of the
Company's issued and outstanding shares on a partially diluted basis. Mr. Travis now controls
7,051,500 common shares of the Company, 1,300,000 incentive stock options and 1,260,000 share
purchase warrants, which represents 14.27% of the Company's current issued and outstanding
shares on a partially diluted basis.
The securities were acquired for investment purposes. Mr. Travis has a long-term view of the
investment and may, in the future, acquire and/or dispose of securities through the open market,
through private transactions or through the Company's long-term incentive plan as circumstances or
market conditions may warrant.
A full report may be obtained from SEDAR+.
In total, the Directors and Officers ownership percentage is 33.19% of the Company's current
issued and outstanding shares on a partially diluted basis.
About Coast Copper Corp.
Coast Copper's exploration focus is the optioned Empire Mine property, located on northern
Vancouver Island, BC, which covers three historical open pit mines and two past-producing
underground mines that yielded iron, copper, gold and silver. Coast Copper's other properties
include its 100% owned Knob Hill NW property located on northern Vancouver Island, its Home Brew
property in central BC, and its
Scottie West
property located in the "Golden Triangle" of northern
BC. Coast Copper's management team continues to review precious and base metals opportunities
in western
North America
.
On Behalf of the Board of Directors:
"Dr.
Fletcher Morgan
"
Dr.
Fletcher Morgan
, Chairman
NR23-11
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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any
information regarding the proposed Transaction, private placement, board and management
changes, as to our strategy, projects, plans or future financial or operating performance,
constitutes "forward-looking statements." All statements, other than statements of historical fact,
are to be considered forward-looking statements. Forward-looking statements are necessarily
based on a number of estimates and assumptions that, while considered reasonable by Coast
Copper, are inherently subject to significant business, economic, geological and competitive
uncertainties and contingencies. Although Coast Copper believes the expectations expressed in
such forward-looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance. Known and unknown factors could cause actual results to differ
materially from those projected in the forward-looking statements. Such factors include but are not
limited to: fluctuations in market prices, exploration and exploitation successes, continued
availability of capital and financing, changes in national and local government legislation, taxation,
controls, regulations, expropriation or nationalization of property and general political, economic,
market or business conditions. Many of these uncertainties and contingencies can affect our actual
results and could cause actual results to differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-
looking statements are not guarantees of future performance and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in
this press release, or incorporated by reference, are qualified by these cautionary statements. We
do not assume any obligation to update any forward-looking statements.
SOURCE
Coast Copper Corp.
View original content:
http://www.newswire.ca/en/releases/archive/November2023/09/c8955.html
%SEDAR: 00032945E
For further information:
please contact: Adam Travis, CEO, Coast Copper Corp., 409 Granville
Street, Suite 904, Vancouver, B.C. V6C 1T2, Canada, P: 877-578-9563, E:
CO: Coast Copper Corp.
CNW 08:05e 09-NOV-23