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| Home : Superior Copper Announces $2,250,000 Best Efforts Non-Brokered Private Placement |
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Jul 14
2014 |
Superior Copper Announces $2,250,000 Best Efforts Non-Brokered Private Placement |
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TORONTO, ONTARIO--(Marketwired - July 14, 2014) - Superior Copper Corporation ("Superior Copper" or "the Company") (TSX VENTURE:SPC) is pleased to announce that it intends to complete a best efforts non-brokered private placement financing of hard dollar units ("HD Units") at a price of $0.15 per HD Unit, and flow-through common shares ("FT Shares") at a price of $0.15 per FT Share, for gross proceeds of up to $2,250,000 (the "Offering"). Each HD Unit will be comprised of one common share ("Common Share") and one-half common share purchase warrant ("HD Warrant"), with each HD Warrant being exercisable for one common share of the Corporation at an exercise price of $0.20 for a period of 24 months following the closing date of the Offering. |
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| Source:http://www.marketwired.com/mw/release.do?id=1929396&sourceType=3 |
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