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Copper Reef Completes $1.23 Million Private Placement


On July 20, 2020, Copper Reef Mining Corporation completed a non-brokered private placement of 4,083,401 units at a price of $0.30 per unit for aggregate gross proceeds of approximately $1.23 million. Each unit consists of one common share and one-half of one common share purchase warrant of Copper Reef. Each warrant entitles the holder thereof to purchase one common share at $0.40 per common share until January 20, 2022.

Cassels acted for Copper Reef with a deal team that included Jay Goldman, Alex Pizale and Conrad Lee (Securities and Mining).

RELATED EXPERTISE: Mining | Securities