Category: Baystreet Newswire
Date: Thursday, September 04, 2014
Vancouver, BC / ACCESSWIRE / September 4, 2014 / Lorraine Copper Corp. ("Lorraine Copper") (TSX-V: LLC) has received subscriptions for a non-brokered private placement agreement, subject to regulatory approval, for the sale of up to 2,000,000 units (each unit comprises one common share and one share purchase warrant) at a price of $0.05 per unit. Each warrant provides for the purchase of an additional common share at a price of $0.06 per share for five years from the date of regulatory approval. The shares issued pursuant to this private placement, and any warrants exercised therefrom, shall be subject to a four-month hold period.
Total gross proceeds of the offering will be $100,000. The proceeds of the offering shall be applied to general working capital.
The company shall pay no fees or commissions on behalf of the placement.
This offering is subject to approval of the TSX Venture Exchange.
On behalf of the board of directors of Lorraine Copper;
Donald D. SharpDonald D. Sharp, C.A. Director & CFO
Lorraine Copper Corp.
About Lorraine CopperLorraine Copper holds a 49% interest in the large Lorraine property, with a 51% joint venture interest held by Teck Resources Ltd. For more information please visit the Company's website at www.lorrainecopper.com.
FOR FURTHER INFORMATION REGARDING LORRAINE COPPER PLEASE CONTACT:
Paul Way, Business Development Manager
(604) 681-7913 or
Toll Free: (888) 656-6611
The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: Lorraine Copper Corp.