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
CORPORATE UPDATE
VANCOUVER, BRITISH COLUMBIA – June 1, 2017 – Copper Creek Gold Corp. (the “Company”) is pleased to
provide an update on its corporate affairs.
The Company announces that it has entered into a nonbinding letter of intent (the “LOI”) with Minera Bonanza
Peru S.A. (“ Minera Bonanza”) pursuant to which the Company would acquire, pursuant to a share purchase
agreement (the “ Transaction”) with Minera Bonanza and certain shareholders of Minera Bonanza (the “MB
Shareholders”) a minimum of 19,300,000 shares of the issued shares of Minera Bonanza (the “MB Shares”).
The MB Shares represent approximately 96.5% of the issued and outstanding shares of Minera Bonanza. The
Company will issue common shares of the Company to the MB Shareholders on the basis of one c ommon share
for each MB Share.
Minera Bonanza owns the Colqui Project located in the Huanza district of Peru , 85 kilometers northeast of
Lima in the Province of Huarochiri. The Project comprises an area of approximately 9,700 hectare s
corresponding to a surface rights agreement and upon which Minera Bonanza owns a 99% interest in 6
contiguous mining concessions and a 100% right to reuse certain tailings from historical mining operations at
the Colqui mine.
The LOI provides that the Company will be res ponsible for covering certain legal and accounting fees up to
$50,000 on behalf of Minera Bonanza with respect to any requirements of the TSX Venture Exchange (the
“Exchange”) relating to the Transaction or as may be required pursuant to applicable securities laws. The LOI
also provides that the Company is to fund Minera Bonanza for up to USD $2,000,000 (the “Financing”) to bring
the tailings project into production within eighteen (18) months of closing the Transaction (the “ Financing
Deadline”). If the Company is unable to complete the Financing by the Financing Deadline, each
MB Shareholder will receive, as additional consideration, one share purchase warrant of the Company for each
MB Share previously held by the MB Shareholder (the “ Penalty Warrants ”). The Penalty Warrants will be
exercisable at the Market Price (as defined by the rules of the Exchange) for a period of two years from the
date of issue.
The Company has paid , upon signing of the LOI, US$10,000 to Minera Bonanza to secure a 90 day exclusivity
period during which Minera Bonanza has agreed that it will not accept, solicit, initiate or encourage proposals
or offers from any party that is competitive in any way to the substance of the Transaction.
The parties to the LOI have agreed to use their best efforts to settle the terms of a definitive agreement setting
out the terms of the proposed acquisition of the MB Shares by the Company on or before July 31, 2017. The
Transaction will be subject to, among other th ings, receipt by both parties of satisfactory due diligence results
and the approval of the Exchange.
The Company also announces that it has set August 9, 2017 as the date for its Annual General Meeting of
shareholders.
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
Gordon Jung
Chief Executive Officer
FOR FURTHER INFORMATION CONTACT
Gordon Jung
Chief Executive
Officer Tel: 604-786-3255
Email: [email protected]
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts
responsibility for the adequacy or accuracy of this release.
This news release includes certain forward -looking statements or information. All statements other than statements of
historical fact included in this release, including, without limitation, statements regarding futur e plans and objectives of
the Company are forward looking-statements that involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future events could differ materially from th ose
anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s
plans or expectations include availability of capital and financing, general economic, market or business conditions,
regulatory c hanges, timelines of government or regulatory approvals and other risks inherent in the oil and gas and
mineral exploration industries and from the time to time in the filings made by the Company. The Company makes all
reasonable efforts to update its corporate material, documentation and forward-looking information on a timely basis.