Copperbank Arranges Convertible Debenture
CSE: CBK FSE: 9CP OTC: CPPKF
FOR IMMEDIATE RELEASE May 13, 2019
(CBK 2019 – NR #4)
COPPERBANK ARRANGES CONVERTIBLE DEBENTURE
Vancouver, B.C., Canada – May 13, 2019 – CopperBank Resources Corp. (“CopperBank”) (CSE:
CBK) is pleased to announce that the Company is planning to arrange a convertible debenture
financing for gross proceeds of $1,000,000. Terms of the debenture contemplated would be for
a two-year duration and would pay the lender 15% interest, calculated monthly, and payable in
CopperBank common shares. The conversion price for the interest portion of the instrument is
anticipated to be $0.05 per share while the conversion price for the principal is anticipated to be
at $0.08 per share.
CopperBank CEO, Gianni Kovacevic, comments. “This financing provides a multi-year runway for
CopperBank to satisfy payment obligations. Our owner-operator business model is extremely
mindful of dilution, so we are happy to provide a plan that demonstrates alignment with the
shareholders who have supported our efforts. Meanwhile, our team is working hard to assess
accretive opportunities with established copper projects and royalties, located in favorable loca-
tions.”
On behalf of CopperBank Resources Corp.
“Gianni Kovacevic”
Chief Executive Officer
Address: Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2
Tel: 604-889-0852
E-mail: [email protected]
Website: www.copperbankcorp.com
Certain information in this release constitutes forward looking statements or information (“forward-looking state-
ments”) under applicable securities laws and necessarily involves risks and uncertainties. Forward-looking state-
ments included herein are made as of the date of this news release and, except as required by applicable law, Cop-
perBank 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
expressly qualified by this cautionary statement. Forward-looking statements relate to future events or future perfor-
mance 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. Although Copper-
Bank believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking state-
ments 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 assumptions and factors that may change or prove to be incorrect, thus causing
actual results, performance or achievements to be materially different from those expressed or implied by forward-
looking information. By their very nature, forward-looking statements involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or achievements to be materially different from
any future results, performance or achievements expressed or implied by forward-looking statements. Although Cop-
perBank has attempted to identify important factors that could cause actual actions, events or results to differ mate-
rially 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 accu-
rate, as actual results and future events could differ materially from those anticipated by such forward-looking state-
ments. Accordingly, readers should not place undue reliance on forward-looking statements. For more information
on CopperBank 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.