Gespeg Copper Resources signs a new 75 days Binding Letter of Agreement and announces a private placement of units and flow-through shares
SASKATOON, SASKATCHEWAN--(Marketwired - Sept. 26, 2017) -
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Gespeg Copper Resources Inc. (TSX VENTURE:GCR) (the "Company" or "Gespeg") announces signing of a 75 days binding letter of agreement (the "Agreement") with DNA Canada Inc. following the last letter of agreement announced on June 8th 2017.
The Company announces that it will proceed with a non-brokered private placement of up to 13,333,333 units of the Company (the "Units") at $0.06 per Unit and up to 6,250,000 flow-through common shares in the capital of the Company (the "FT Shares") at $0.08 per FR Share for gross proceeds of up to $1,300,000 (the "Offering").
Each Unit will consist of one common share in the capital of the Company (a "Share") and one-half of a share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company (a "Warrant Share") at a price of $0.10 per Warrant Share for a period of 36 months from the closing of the Offering.
About Gespeg Copper Resources Inc.: Gespeg is an exploration company with a focus on copper, especially in a grossly underexplored region "Gaspé, Québec". With a dedicated management team, the Company's goal is to create shareholder wealth through the discovery of new deposits.
GESPEG COPPER RESOURCES INC.
(signed) "Sylvain Laberge"
FORWARD LOOKING INFORMATION
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
Sylvain Laberge
President and CEO
514.380.5610
514.702.9841
Slaberge@gespegcopper.com
