Canyon Copper Completes Brokered Private Placement And Final Tranche Of Non-brokered Private Placement

Canyon Copper Corp. (OTCBB:CNYC) reports that it has completed its brokered private placement

The press release is quoted as saying:

Each unit consists of one share of Canyon’s common stock and one-half of one non-transferable share purchase warrant, with each whole warrant entitling the holder to purchase an additional share of Canyon at a price of CDN $0.50 per share until January 13, 2013, in respect of the Brokered Private Placement, and January 8, 2013, in respect of the Non-Brokered Private Placement. Subject to the terms and conditions of the warrants, Canyon may accelerate the expiry date of the warrants if Canyon’s shares close at a price equal to or greater than CDN $0.60 for 10 consecutive trading days. If Canyon elects to exercise its accelerated expiry date, the accelerated expiry date will be 30 days after Canyon sends out the notice of acceleration.

Click here to access the entire news release.

Click here to access Canyon Copper’s company profile.(OTCBB:CNYC)