register free | resend password

Copper Mountain Closes C$17.25 Million Bought Deal Offering of Common Shares

ID: 1562636
recent pressrelease next pressrelease

(businesspress24) -
not for distribution to united states wire services or for dissemination in the united states

Vancouver, British Columbia - November 26, 2020 - Copper Mountain Mining Corporation (TSX: CMMC | ASX: C6C) (Copper Mountain or the Company - is pleased to announce that it has closed its previously announced bought deal offering of common shares (the Offering) led by Industrial Alliance Securities Inc. with a syndicate of underwriters including Cormark Securities Inc., National Bank Financial Inc., BMO Capital Markets and Haywood Securities Inc. (collectively, the Underwriters). Pursuant to the Offering, the Company has raised gross proceeds of C$17,250,002 through the issuance of 15,000,002 common shares of the Company (Common Shares) at a price of C$1.15 per Common Share (the Offering), including C$2,250,000 worth of Common Shares issued pursuant to the exercise by the Underwriters of the full amount of the over-allotment option.

The Common Shares were offered by way of a short form prospectus dated November 23, 2020 (the Prospectus) filed in all provinces and territories of Canada except for Quebec and were also offered by way of private placement in the United States. The Prospectus is available on the Companys profile on

The net proceeds of the Offering will be used for regional exploration on the Companys prospective land package in Australia, advancing the development of the Eva Copper Project and general corporate purposes as more fully described in the Prospectus.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Copper Mountain Mining Corporation

Copper Mountains flagship asset is the 75% owned Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine currently produces approximately 90 million pounds of copper equivalent per year. Copper Mountain also has the development-stage Eva Copper Project in Queensland, Australia and an extensive 2,100 km2 highly prospective land package in the Mount Isa area. Copper Mountain trades on the Toronto Stock Exchange under the symbol CMMC and Australian Stock Exchange under the symbol C6C.

Additional information is available on the Companys web page at

On behalf of the Board of

Gil Clausen

Gil Clausen, P.Eng.
President and Chief Executive Officer

For further information, please contact:
Letitia Wong
Executive Vice President, Strategy and Corporate Development
Telephone: 604-682-2992
Email: Letitia.Wong(at)


In Europe:
Swiss Resource Capital AG
Jochen Staiger

Cautionary Note Regarding Forward-Looking Statements
This news release may contain forward-looking statements and forward-looking information (together, forward-looking statements) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as plans, expects, estimates, intends, anticipates, believes or variations of such words, or statements that certain actions, events or results may, could, would, might, occur or be achieved. Forward-looking statements include, the anticipated use of the net proceeds from the Offering, and the Companys intentions regarding its objectives, goals or future plans and statements. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the successful exploration of the Companys properties in Canada and Australia, the reliability of the historical data referenced in this press release and risks set out in Copper Mountains public documents, including in each management discussion and analysis, filed on SEDAR at Although Copper Mountain believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, Copper Mountain disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

More information:

Keywords (optional):

Company information / Profile:

PressRelease by


PressContact / Agency:

published by: irw
print pressrelease  send to a friend  

Date: 11/26/2020 - 17:56
Language: English
News-ID 1562636
Character count: 5371
Firma: Copper Mountain Mining Corp
Ansprechpartner: Feedback to about Pressrelease-id:
Stadt: Wien


Number of hits: 222


Direct Link to this PressRelease:

We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease

All members: 9 438
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 82

Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.