Copper North Completes First Part of Private Placement

Copper North Mining Corp. (TSXV:COL) announces the completion of the first portion of the non-brokered private placement announced on September 10, 2015.
As quoted in the press release:

The Company issued 6 million units (the “Units”) at a price of $0.05 per Unit for aggregate gross proceeds of $300,000. Each Unit consists of one common share of the Company (a “Share”) and one non-transferable warrant (a “Warrant”). Each Warrant entitles the holder to purchase one additional Share at a price of $0.05 until September 24, 2020.
All Shares and any Shares issued upon exercise of Warrants are subject to a hold period and as such may not be traded until January 25, 2016.
The Company intends to use the proceeds from this portion of the Private Placement for working capital and general corporate purposes.
Copper North expects to complete the flow-through portion of the Private Placement in the near future. The Private Placement is subject to TSX Venture Exchange approval and all securities will be subject to a four month hold period.

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