Canyon Copper Announces Closing of Non- Brokered Flow-Through Private Placement
TSXV: CNC
Suite 408 – 1199 West Pender Street • Vancouver, B.C. • V6E 2R1
TEL (604) 331-9326 • FAX (604) 684-9365
Canyon Copper Announces Closing of Non-
Brokered Flow-Through Private Placement
Vancouver, British Columbia, December 29, 2017 - Canyon Copper Corp. ("Canyon") (TSX -
V: CNC) has closed a non-brokered private placement (the “Offering”) of 855,000 flow-through
units (a “FT Unit”) at a price of $0.20 per FT Unit for gross proceeds of $171,000.
Each FT Unit consists of one flow-through common share and one-half of one non-transferrable
non-flow-through share purchase warrant (a “Warrant”). Each whole Warr ant will entitle the
holder to purchase one common share at $0.30 per share at any time until the close of business
on the day which is two (2) years from the date of issue of the Warrant.
All securities issued in the offering will be subject to a four -month hold period until April 29 ,
2018. The securities described herein have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States unless registered under
the act or unless an exemption from registration is available.
Directors and executive officers subscribed for a total of 100,000 FT Units for total proceeds of
$20,000. There were no f inder’s fees payable in connection with the Offering. Canyon will use
the proceeds from the Offering to incur qualified Canadian exploration expenses for exploration
on Canyon’s portfolio of mineral properties in Canada. The funds will be utilized for the planned
drill program on the Bootleg Lake Gold and VMS project in Saskatchewan and 2018 field work
on the Company’s three cobalt exploration projects in Ontario.
On behalf of the Board of Directors,
“Stephen Wallace”
CANYON COPPER CORP.
Stephen Wallace, President, CEO and Director
Contact: Canyon Copper Corp.
Investor Relations
(604) 331-9326
Forward-Looking Statements
Information set forth in this news release contains forward -looking statements that are based on
assumptions as of the date of this news release. These statements reflect managem ent’s
current estimates, beliefs, intentions and expectations. They are not guarantees of future
performance. The Company cautions that all forward looking statements are inherently
uncertain and that actual performance may be affected by a number of mater ial factors, many of
which are beyond the Company’s control. Such factors include, among other things: risks and
uncertainties relating to the Company’s limited operating history and the need to comply with
environmental and governmental regulations. Accor dingly, actual and future events, conditions
and results may differ materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward looking information. Except as required under applicable
securities legislation, the Company undertakes no obligation to publicly update or revise
forward-looking information.
NEITHER 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.