Copperbank Announces Non-Broker Private Placement and Close of 1ST Tranche
CSE: CBK FSE: 9CP OTC: CPPKF
FOR IMMEDIATE RELEASE January 23, 2020
(CBK 2020– NR #01)
COPPERBANK ANNOUNCES NON-BROKER PRIVATE PLACEMENT AND CLOSE
OF 1ST TRANCHE
Vancouver, Canada – January 23, 2020 - CopperBank Resources Corp. (“CopperBank” or the
“Company”) (CSE:CBK) is pleased to announce a non-brokered private placement of up to
10,000,000 shares at a price of $0.06 per share. The first tranche of the private placement, con-
sisting of the issuance of 5,000,000 shares for a total of $300,000, has closed. There were no
finders’ fees paid in the first tranche of the private placement.
The private placement is subject to the approval of the Canadian Securities Exchange and the
securities will be subject to a four month and one day hold period under securities laws.
The Company intends to use the net proceeds from the private placement to maintain its portfolio
of projects as well as general working capital.
About CopperBank
CopperBank is a Canadian exploration mining company focused on energy related metal explo-
ration in The United States of America. The Company trades on the Canadian Securities Exchange
– CSE- under the symbol “CBK”.
On behalf of CopperBank Resources Corp.
“Gianni Kovacevic”
Address: Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2
Tel: 604-889-0852
E-mail: [email protected]
Website: www.copperbankcorp.com
Advisory Regarding Forward-Looking Statements
Certain information in this release constitutes forward looking statements or information (“for-
ward-looking statements”) under applicable securities laws and necessarily involves risks and
uncertainties. Forward-looking statements included herein are made as of the date of this news
release and, except as required by applicable law, CopperBank does not undertake any obligation
to update or revise any of the forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements contained in this document are ex-
pressly qualified by this cautionary statement. Forward-looking statements relate to future events
or future performance and reflect management of CopperBank’s expectations or beliefs regarding
future events. In certain cases, forward-looking statements can be identified by the use of words
such as “plans”, or “believes”, or variations of such words and phrases or statements that certain
actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be
achieved” or the negative of these terms or comparable terminology. Examples of forward-looking
statements in this news release include, but are not limited to, statements with respect to the Com-
pany’s ongoing review of its existing portfolio, the involvement of CopperBank in any potential
divestiture, spin-out, partnership or other transactions involving the Company’s portfolio assets,
and the ability of the Company to complete any such transactions, the ability of CopperBank to
enter into transactions that will ultimately enhance shareholder value, and potential future work
or activities in respect of the Pyramid project or the Contact project. Although CopperBank be-
lieves that the expectations reflected in the forward-looking statements are reasonable, forward-
looking statements have been based on factors and assumptions concerning future events which
may prove to be inaccurate. Those factors and assumptions are based upon currently available
information available to CopperBank. Forward-looking statements are based, in part, on assump-
tions and factors that may change or prove to be incorrect, thus causing actual results, perfor-
mance or achievements to be materially different from those expressed or implied by forward-
looking information. Such factors and assumptions include, but are not limited to, the Company’s
ability to identify and complete one or more transactions involving the Company’s portfolio assets
that enhance shareholder value as part of management’s ongoing review of strategic alternatives
in the current market conditions. By their very nature, forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause the actual results, perfor-
mance or achievements to be materially different from any future results, performance or achieve-
ments expressed or implied by forward-looking statements. Such factors include, but are not lim-
ited to, the risk that the Company will not be able to identify and complete one or more transactions
involving the Company’s portfolio assets that enhance shareholder value as part of management’s
ongoing review of strategic alternatives in the current market conditions. Although CopperBank
has attempted to identify important factors that could cause actual actions, events or results to
differ materially from forward-looking statements, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated by such forward-looking statements. Accordingly, readers
should not place undue reliance on forward-looking statements. For more information on Cop-
perBank and the risks and challenges of its businesses, investors should review the continuous
disclosure filings that are available under CopperBank’s profile at www.sedar.com.