(TheNewswire)
Vancouver, BC - TheNewswire - April 21, 2022 - Consolidated WoodjamCopper Corp. (the “Company”) (TSXV: WCC ) announces theclosing of the private placements announced on April 7, 2022,consisting of the sale of the following:
(a) 10,000,000 units at a priceof $0.10 per unit, for aggregate subscription proceeds of $1,000,000,with each unit consisting of one common share and one share purchasewarrant, with each warrant entitling the holder to purchase anadditional common share at a price of $0.20 until April 14, 2024;and
(b) 7,700,000 flow-through commonshares at a price of $0.13 per share, for aggregate subscriptionproceeds of $1,001,000.
All shares issued pursuant to the private placements,including any shares that may be issued pursuant to the exercise ofthe warrants forming part of the units, are subject to a hold periodin Canada until August 15, 2022.
The proceeds from these private placements will be usedby the Company to finance an exploration program at its 100% ownedWoodjam project and for general working capital.
On behalf of the board of directors of ConsolidatedWoodjam Copper Corp.
Glen Garratt
Glen Garratt, P.Geo.,
Director
Consolidated Woodjam CopperCorp.
Contact: (604) 681-7913
Toll Free: 888-656-6611
About Consolidated Woodjam CopperCorp.
Woodjam Copper trades on theTSX-V exchange and, based on its acquisition agreement with GoldFields, owns a 100% interest in the Woodjam North and Woodjam Southprojects in British Columbia. Visit the Company’s website at: http://www.woodjamcopper.com
The securities referred to in thisnews release have not been, nor will they be, registered under theUnited States Securities Act of 1933, as amended, and may not beoffered or sold within the United States or to, or for the account orbenefit of, U.S. persons absent U.S. registration or an applicableexemption from the U.S. registration requirements. This news releasedoes not constitute an offer for sale of securities for sale, nor asolicitation for offers to buy any securities. Any public offeringof securities in the United States must be made by means of aprospectus containing detailed information about the company andmanagement, as well as financial statements.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release
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