(TheNewswire)
Vancouver, BC – TheNewswire - December 30, 2020 - Consolidated WoodjamCopper Corp. (“Woodjam” or the “Company”) (TSXV: WCC ) announces theclosing of the non-brokered private placement (the “Offering”)originally announced November 30, 2020. The Offering consisted ofthe sale of the following securities:
(a) 5,786,657 flow-through shares at aprice of $0.23 per share, for gross proceeds of $1,330,931.11;and
(b) 3,232,500 units at a price of $0.20 perunit, for gross proceeds of $646,500, with each unit consisting of onecommon share and one share purchase warrant, with each warrantentitling the holder to purchase one additional common share at aprice of $0.30 until June 22, 2022.
The Company paid cash finders’ fees totalling$113,544.97, and issued a total of 509,264 finder warrants to a groupof finders consisting of Red Cloud Securities Inc., Leede Jones GableInc., Industrial Alliance Securities Inc., PI Financial Corp. andCanaccord Genuity Corp. in connection with the closing of theOffering. A total of 389,739 finder warrants are exercisable at aprice of $0.23 per share, and a total of 119,525 finder warrants areexercisable at a price of $0.20 per share, in each case until June 22,2022, save for 17,500 finder warrants exercisable at a price of $0.23which expire on June 24, 2020.
All securities issued pursuant to the closing of theOffering, including any shares that may be issued pursuant to theexercise of either the warrants forming part of the units or thefinder warrants, are subject to a hold period in Canada until April23, 2021, save for 250,000 flow-through shares which are subject to ahold period in Canada until April 25, 2021.
Bill Morton, President of Woodjam, stated “Thisfinancing completes a successful exploration season on the WoodjamProject and gives the company a big head start into the New Year as wecontinue to see strengthening in the metals sector.
Glen Garratt, P. Geo.
VP, Director
Consolidated Woodjam CopperCorp.
About Consolidated Woodjam CopperCorp.
Consolidated Woodjam Copper Corp. (TSX-V:WCC) trades onthe TSX Venture Exchange and owns a 100% interest in the 64,000hectare Woodjam copper gold porphyry project located in south-centralBritish Columbia approximately 50 km east of the community of WilliamsLake in a low elevation flat to undulating landscape, well accessed by logging roads and in close proximity to hydro power.
For more information on Woodjam please visit theCompany’s website at: http://www.woodjamcopper.com
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