US Copper Enters into Option Agreement
US COPPER ENTERS INTO OPTION AGREEMENT
TORONTO, CANADA, December 9, 2021 – US Copper Corp (“US Copper” or the “Company”)
(TSX Venture: USCU) (OTCQB: USCUF) (Frankfurt: C73) announces that it has entered into an
option agreement (the “Agreement”) with Western Troy Capital Resources Inc. (NEX: WRY.H)
(“Western Troy ”) to dispose of its 100% undivided interest in 14 mineral claims covering
approximately 227 hectares located in Whiteside Township in the District of Cochrane, Timmons
Ontario (the “Property”).
Pursuant to the terms of the Agreement, the total consideration payable to the Company by Western
Troy is an aggregate of 2,500,000 common shares in the capital of Western Troy (“ Common
Shares”) and exploration expenditures, payable as follows:
upon signing the Agreement and subject to TSXV approval, the Co mpany shall receive
200,000 Common Shares;
on or before February 1, 2022, the Company shall receive 800,00 0 Common Shares
following the completion by Western Troy of not less than three diamond drilling holes of
an aggregate of at least 450 feet on the Property and completing a technical report, prepared
in accordance with National Instrument 43-101 – Standards of Di sclosure for Mineral
Projects; and
on or before December 1, 2022, the Company shall receive 1,500,000 Common Shares.
In the event that Western Troy does not complete any part of its obligations under the Agreement,
the Property will remain with the Company.
All of the Common Shares issued in connection with the Agreemen t are subject to a four-month
statutory hold period from the date of issue in accordance with applicable securities legislation.
The Agreement remains subject to the approval of the TSX Venture Exchange.
For Further Information Contact:
Mr. Stephen Dunn, President, CEO and Director, US Copper Corp ( 416) 361-2827 or email
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 press release.
This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities
laws and regulations, including statements regarding th e future activities of the Company. Forward-looking
statements reflect the current beliefs and expectations of management and are identified by the use of words including
“will”, “hopes”, “anticipates”, “expected to”, “plans”, “p lanned”, “intends” and other similar words. Actual
results may differ significantly. The achievement of the resu lts expressed in forward-looking statements is subject to
a number of risks, including those described in the Company’s management discussion and analysis as filed with the
Canadian securities regulatory authorities which are availabl e at www.sedar.com. Investors are cautioned not to
place undue reliance upon forward-looking statements.