Copper Creek Gold Corp.
Copper Creek
Gold Corp.
Suite 710 ‐ 750 W Pender Street
Vancouver, BC V6C 2T7
Telephone: (604) 662‐3004
Facsimile: (604) 662‐3063
NEWS RELEASE
TSXV Trading Symbol: CPV
COPPER CREEK ANNOUNCES PROPERTY ACQUISITION, CONSOLIDATION AND LOAN
VANCOUVER, BRITISH COLUMBIA – November 14, 2017 – Copper Creek G o l d C o r p . ( t h e “Company”)
announces that further to the Company’s news release dated August 15, 2017 announcing its plans to work
diligently toward meeting the required Continued Listing Requir ements (“CLR”) and obtain a property of merit
as required by the TSX Venture Exchange (“Exchange”) by Novembe r 20, 2017, the Company has now entered
into a property option agreement with Eastfield Resources Ltd. (“Eastfield”) dated November 14, 2017 (the
Agreement”), whereby the Company may earn an undivided 60% inte rest seven mineral tenure covering 2,418
hectares (5,972 acres) located approximately 80 km northeast of the town of Quesnel, BC and 20 km north of
the historic gold mining towns of Wells and Barkerville (the “Property”), subject to Exchange approval.
Pursuant to the terms of the Agreement, the Company may exercise the option as follows:
(a) by making payments to the Eastfield as follows:
(i) $20,000 immediately upon execution of the Agreement; and
(ii) $20,000 on the first anniversary of the date of the Agreement;
(iii) $30,000 on the second anniversary of the date of the Agreement;
(iv) $55,000 on the third anniversary of the date of the Agreement;
(v) $100,000 cash and $50,000 to be paid in equivalent shares or ca sh on the fourth anniversary of
the date of the Agreement; and
(vi) $125,000 cash and $100,000 to be paid in equivalent shares or c ash on the fifth anniversary of
the date of the Agreement.
(b) Incurring Exploration Expenditures on the Property as follows:
(i) $100,000 to be spent by the first anniversary of the date of the Agreement;
(ii) an additional $300,000 to be spent by the second anniversary of the date of the Agreement;
(iii) an additional $500,000 to be spent by the third anniversary of the date of the Agreement;
(iv) an additional $600,000 to be spent by the fourth anniversary of the date of the Agreement; and
(v) an additional $1,000,000 to be spent by the fifth anniversary of the date of the Agreement.
Finder’s fees will be paid on behalf of the transaction in accordance with Exchange policies.
I n o r d e r t o f u n d t h e e x p l o r a t i o n p r o g r a m o n t h e P r o p e r t y a n d m eet the CLR by November 20, 2017, the
Company has entered into two arms‐ length shareholder loan agre ements dated November 14, 2017 (the “Loan
Agreements”).
The lenders have agreed to loan the Company the total sum of $175,000, for a period of six months at an interest
rate of five percent (5%) payable on May 14, 2018 (the “Maturity Date”), subject to Exchange approval. The
Company has agreed to issue Promissory Notes to the lenders as evidence of the indebtedness of the loan. The
loans to the Company are conditi onal upon Exchange approval of the Property transaction and the Company’s
ability to meet CLR.
T h e l o a n m a y , i n w h o l e o r i n p a r t , b e p r e p a i d w i t h o u t b o n u s o r penalty before the Maturity Date, at the
c o n s e n t o f t h e l e n d e r s , a n d p u r s u a n t t o t h e t e r m s o f t h e L o a n Agreements. Interest accrued on the amount
prepaid shall be paid at the time of any prepayment.
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A l s o i n o r d e r t o b e t t e r f i n a n c e t h e C o m p a n y , t h e B o a r d o f D i r e ctors have approved and authorized a
consolidation of the Company's issued and outstanding common sh ares on a five old shares for one new share
(5:1) basis, consolidating its 33,477,704 currently outstanding shares to 6,695,540 shares.
The Company will not be issuing f ractional shares as a result o f the consolidation. Instead, all fractional shares
e q u a l o r g r e a t e r t o o n e ‐ h a l f w i l l b e r o u n d e d t o t h e n e x t w h o l e s h a r e . T h e C o m p a n y ' s o u t s t a n d i n g s h a r e
purchase warrants will be adjusted upon completion of the consolidation.
T h e C o m p a n y d o e s n o t i n t e n d t o c h a n g e i t s n a m e o r s e e k a n e w s tock trading symbol from the Exchange in
connection with the consolidation. The Company’s shares will co ntinue to trade under the symbol “CPV”. The
consolidation remains subject to final acceptance by the Exchange.
A letter of transmittal will be sent to the registered sharehol ders providing instructions to surrender the share
certificates evidencing their pre‐consolidated common shares for replacement certificates of Copper Creek Gold
Corp. representing the number of post‐consolidated common shares they are entitled to as a result of the
consolidation. Until surrendered, each certificate representing the pre‐consolidated common shares will be
deemed to represent the number of post‐consolidated common shares of Copper Creek Gold Corp. that the
holder thereof is entitled to as a result of the consolidation.
The Board plans to reduce the overall debt associated with the Company and will pursue equity financings in
the near future.
About Copper Creek Gold:
The Company is a Canadian‐based mineral exploration company which has been active in the resource sector
in British Columbia and elsewhere in Western Canada.
ON BEHALF OF THE BOARD
”Robert A. Culbert”
Robert A. Culbert
Director
FOR FURTHER INFORMATION CONTACT
Gordon Jung
Chief Executive
Officer Tel: 604‐786‐3255
Email: [email protected]
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.
This news release may contain forward‐looking statements which include, but are not limited to, comments that involve future
events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments
that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property
titles, availability of funds, and others are forward‐looking. Forward‐looking statements are not guarantees of future
performance and actual results may vary materially from those statements. General business conditions are factors that could
cause actual results to vary materially from forward‐looking statements.