News Column

Lorraine Copper Corp. Announces Private Placement

September 4, 2014

Category: Baystreet Newswire

Company: Accesswire-TNW

ID: 419926

Date: Thursday, September 04, 2014

Ticker: TSX.V:LLC

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 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.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: ACCESSWIRE (Canada)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters