Tranche 2 - Private Placement Closes, Debt Settlement
12 Mitchell Road, Box 306 Tel: (204) 687-3500
Flin Flon, MB, R8A 1N1 CZC.CSE Fax: (204) 687-4762
copperreefmining.com
March 22, 2019
Copper Reef Raises $65,000 on Second Tranche and Settles $78,000 Debt to
Management for Units
PRIVATE PLACEMENT – SECOND TRANCHE
Copper Reef Mining Corporation (CSE: CZC) (the "Issuer") wishes to announce it has closed the second
tranche of $65,000 of a non-brokered private placement financing up to a Maximum Offering Amount of
$500,000 less the amount raised in the first tranche (the "Offering"), which together with the first
tranche of $132,000, makes a n aggregate total raised of $197,000 to complete th e private placement.
The second tranche is comprised of 1,100,000 Flow-Through Units issued at a price of $0.05 per Flow -
Through Unit representing proceeds of $ 55,000 and 400,000 Class “A” Units issued at a price of $0.025
per Unit, representing proceeds of $ 10,000 for an aggregate total raised of $65,000. Management
participated in the private placement for a total of $10,000 comprising 200,000 Flow-Through Units.
The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary
regulatory approvals. All securities to be issued under the Offering will be subject to a four -month
statutory hold period in Canada.
The Class "A" Units shall consist of, and separate immediately upon closing into, one (1) common share
of the Issuer (a "Common Share") and one (1) Warrant, each entitling the holder to purchase one (1)
Common Share at a purchase price of $0.05 cents per Warrant for a period of twelve (12) months
following the date of issuance. The Flow -Through Units shall consist of, and separate immediately upon
closing into, one (1) Common Share, to be issued as a "flow -through share" within the meaning of the
Income Tax Act (Canada), and one (1) Warrant. Each Warrant attached to the Flow -Through Units shall
entitle the holder to purchase one (1) Common Share for a purchase price of $0.05 per Common Share
for a period of twenty four (24) months following the date of issuance.
SHARES FOR DEBT
In addition to the completion of the private placement, a total of 3,120,000 Class “A” Units will be issued
to Management in settlement of $ 78,000 of the Issuer's debt to Management, thereby reducing the
Issuer's outstanding debt by $78,000.
TOTAL COMMON SHARES ISSUED
The Issuer has issued a n aggregate total of 4, 620,000 Common Shares with a hold period up to and
including July 23, 2019 of which 3,120,000 Common Shares were issued in settlement of the Issuer's
debt.
USE OF PROCEEDS
The Issuer intends to use the proceeds from the private placement primarily to finance exploration on
base metal targets on the Pine Bay Mine stratigraphy in the main Flin Flon camp and for corporate
purposes.
ABOUT COPPER REEF MINING CORPORATION
Copper Reef Mining Corporation is a Canadian junior mineral exploration company with a specific focus
on mineral properties in northwest Manitoba and northeast Saskatchewan, Canada. All of the Issuer’s
properties are currently at the exploration stage. T he Issuer has assembled a portfolio of base metal
and precious metal prospects, including strategic locations in the Provinces of Manitoba and
Saskatchewan.
Copper Reef Mining Corporation
“signed”
Stephen L. Masson M.Sc. P.Geo.
President & CEO
No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the
adequacy or accuracy of this release. Some of the statements contained in this release are forward -
looking statements, such as estimates and statements that descri be the Issuer's future plans, objectives
or goals, including words to the effect that the Issuer or management expects a stated condition or
result to occur. Since forward -looking statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties.