Copper North Announces Private Placement and Extends Warrant Exercise Period

Copper North Mining Corp. (TSXV:COL) announced that it plans to raise up to $300,000 by way of a non-brokered private placement and that it plans to extend the exercise period of warrants issued pursuant to a private placement completed on April 24, 2014 by one year from the original expiry date.
As quoted in the press release:

The Private Placement will consist of the sale of up to 10 million units (the “Units”) at a price of $0.03 per Unit, each Unit consisting of one common share of the Company (a “Share”) and one warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.05 for a period of 24 months from closing.
The Company intends to use the proceeds from the Private Placement toward completion of an updated Preliminary Economic Assessment on the Carmacks Project, and working capital and general corporate purposes.

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