Global Copper Group Closed Non-Brokered Private Placement of Units
142-1146 Pacific Blvd.
Vancouver, BC V6Z 2X7 Tel: 604.620.7737 www.globalcoppergroup.com
NEWS RELEASE
TSX.V: ICU August 8, 2016
GLOBAL COPPER GROUP CLOSED NON-BROKERED PRIVATE PLACEMENT OF UNITS
August 8, 2016, Vancouver, British Columbia – On June 17, 2016 Global Copper Group Inc. (“Global Copper” and/or the “Company”) (TSX.V: ICU) announced the closing of the first tranche of its non-brokered private placement pursuant to which it had raised CDN$149,225.
Given current negotiations involving a possible property acquisition, Global Copper has elected not to close a second tranche of the private placement and to file final material with the TSX Venture Exchange with respect to the placement. Further announcements will be made should the Company be successful in its negotiations.
About Global Copper Group Inc.
Global Copper Group Inc. is a publicly traded Canadian exploration company listed on the TSX-Venture Exchange (TSX-V: ICU) focused on copper exploration and development. The company plans to acquire, de-risk and advance copper assets in mining friendly jurisdictions prior to seeking joint venture partnerships.
On behalf of the Board of Directors
“Jevin Werbes”
______________________________ Jevin Werbes, Chairman of the Board Global Copper Group Inc.
We seek safe harbor.
For additional information, please contact Daniel Caamano, VP Corporate Communications & CEO or Judy A. McCall, Corporate Secretary at: 604.620.7737. The company’s profile may also be viewed on www.sedar.com.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.”
Forward Looking Information
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release. WARNING: The Company relies on litigation protection for `forward looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act') or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.