Copper North Announces $800,000 Private Placement

Copper North Mining Corp. (TSXV:COL) announced an $800,000 non-brokered private placement which will consist of up to 10 million flow-through units and up to 6 million units.
As quoted in the press release:

Both the FT Units and the Units will be priced at $0.05. Each Unit will consist of one common share of the Company (a “Share”) and one non-transferable warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.05 for a period of 60 months from closing. Each FT Unit will consist of one flow-through share of the Company and one half of one non-transferable warrant (each whole warrant, a “FT Warrant”). Each FT Warrant will entitle the holder to purchase one Share at a price of $0.05 for a period of 24 months from closing.

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