Copper North Announces Sale of Redstone Property
Copper North Mining Corp. (“Copper North” or the “Company”) (TSXV:COL) is pleased to announce that it has sold its wholly-owned subsidiary, Redbed Resources Corp. (“Redbed”), the owner of the Company’s non-core Redstone Property (including the Coates Lake exploration camp and the historical exploration data), in Northwest Territories, Canada, for an all-cash purchase price of $575,000.
Copper North Mining Corp. (“Copper North” or the “Company”) (TSXV:COL) is pleased to announce that it has sold its wholly-owned subsidiary, Redbed Resources Corp. (“Redbed”), the owner of the Company’s non-core Redstone Property (including the Coates Lake exploration camp and the historical exploration data), in Northwest Territories, Canada, for an all-cash purchase price of $575,000. The purchaser is a privately-held Canadian company.
President and CEO of Copper North, Doug Ramsey stated, “We have for some time been looking to sell the Redstone Property. This transaction puts Redstone in the hands of an owner interested in advancing exploration on Redstone, and frees Copper North to fully focus on advancing the planning and development of our core asset, the Carmacks Copper-Gold-Silver Project in Yukon.”
About Copper North
Copper North is a Canadian mineral exploration and development company focused on advancing the Carmacks Copper-Gold-Silver Project located in the Yukon. Copper North trades on the TSX Venture Exchange under the symbol COL.
On behalf of the Board of Directors:
Mr. Doug Ramsey
President and Chief Executive Officer
For Further Information
Mr. Doug Ramsey
President and Chief Executive Officer
Tel: 604.398.3452
Email: info@coppernorthmining.com
Web: www.coppernorthmining.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Source: www.coppernorthmining.com