Gespeg Copper Announces Offering to Existing Shareholders
GESPEG COPPER ANNOUNCES OFFERING TO EXISTING SHAREHOLDERS
Saskatoon, Saskatchewan, May 3, 2018 – GESPEG COPPER RESOURCES INC. (TSX-V:
GCR) (the “Company” or “Gespeg”) Gespeg announces its intention to raise a maximum of
$300,000 by way of a non -brokered private placement (the "Offering") of a maximum of
10,000,000 units of the Corporation, each (a "Unit") consisting of one common share (a "Share")
and one Share purchase warrant (a "Warrant") . The Share at a price of $0.03 and each Warrant
will entitle the holder to purchase one Share at a price of $0.06 per Share for 24 months.
The Corporation intends to make the Offering in accordance with Regulation 45 -513 Respecting
Prospectus Exemption for distribution to existing security holders and various corresponding
blanket orders and rules of other Canadian jurisdictions that have ado pted the same or a similar
exemption from prospectus requirement (the "Existing Security Holder Exemption"). The
Corporation may, at its discretion, also accept subscriptions pursuant to other prospectus
exemptions available under applicable law.
Subject to certain limitations discussed below, the Offering is open to all existing shareholders of
the Corporation. Existing shareholders interested in participating in the Offering should contact
the Corporation using the contact information set out below no la ter than May 18, 2018 so that
subscription materials can be provided for completion and returned to the Corporation no later
than May 25, 2018. The Corporation may close the Offering in several tranches during the course
of the Offering, the first of which it intends to close no later than May 31, 2018. A finder's fee of
cash, Gespeg common shares or finder’s warrants, or a combination thereof, may be paid to
eligible finders with respect to any portion of the Offering that is not subscribed for by existing
shareholders
Regardless of the amount raised under the Offering, the Corporation will use the proceeds for
purposes of working capital and to maintain and preserve its existing operations, activities and
assets. The proceeds of the Private Placement will not be used primarily to pay management fees
or balances to related parties.
The Shares and Warrants issued under the Offering will be subject to a hold period expiring four
months and one day from the date of distribution of the Units.
The Corporation has set May 2, 2018 as the record date (the "Record Date") for the purpose of
determining existing shareholders entitled to purchase Units pursuant to the Existing Security
Holder Exemption. Subscribers purchasing Units under the Existing Security Holder Exemption
will need to represent in writing that they meet certain requirements of the Existing Security
Holder Exemption, including that they were a shareholder of the Corporation as of the Record
Date and still are a shareholder of the Corporation.
The aggregate acquisition cost to a subscriber under the Existing Security Holder Exemption
cannot exceed $15,000, unless that subscriber has obtained advice regarding the suitability of the
investment and, if the subscriber is resident in a jurisdiction of C anada, such advice is obtained
from a person that is registered as an investment dealer in the subscriber's jurisdiction.
Press-release 18-04
The Offering is being allocated to subscribers on a "first come, first served" basis whereby the
subscribers who are first to submit a completed subscription agreement and pay the
corresponding subscription price will be accepted until the Offering is fully subscribed. The
Offering is not subject to any minimum aggregate subscription in order to close.
The Offering is subject to the approval of the TSX Venture Exchange.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined on
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
About Gespeg Copper Resources Inc.: Gespeg is an exploration company with a focus in
grossly underexplored regions “Gaspé a nd Montauban, Québec”. With a dedicated management
team, the Company’s goal is to create shareholder wealth through the discovery of new deposits.
For more information:
Sylvain Laberge
President and CEO
514-702-9841
Neither 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.
This press release may contain forward-looking statements that are subject to known and
unknown risks and uncertainties that could cause actual results and activities to vary materially
from targeted results and planning. Such risks and uncertainties include those described in
Gespeg’s periodic reports including the annual report or in the filings made by Gespeg from time
to time with securities regulatory authorities.