- Copper Ridge Exploration (COP) has closed a non-brokered private placement for gross proceeds of $3,315,000
- The company issued 4,420,000 flow-through shares for $0.75 per share
- Copper Ridge engages in the acquisition, exploration, and development of mineral property assets in Canada
- Copper Ridge Exploration Inc. (COP) is trading at C$0.45 per share
Copper Ridge Exploration (COP) has closed its previously announced non-brokered private placement for gross proceeds of $3,315,000.
The company issued 4,420,000 flow-through shares for $0.75 per share.
The offering is part of a charitable donation arrangement structured by PearTree Securities Inc.
Copper Ridge will use the gross proceeds to incur eligible “Canadian exploration expenses” on its Bus and Highway Lithium Projects. The projects are located in the La Grande Greenstone Belt in the Province of Quebec.
All securities issued will be subject to a statutory four-month hold period.
Copper Ridge is focused on the exploration and development of mineral properties in Canada. It recently acquired the Highway and Bus Lithium properties in the James Bay region of Quebec. It also holds the Solitude Lake Property near the Savant Lake area in the Patricia Mining Division, Ontario.
Copper Ridge Exploration Inc. (COP) currently trades at C$0.45 per share.