VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 4, 2013) - Copper North Mining Corp. ("Copper North" or the "Company") (TSX VENTURE:COL) announces that it plans to extend the expiry date of warrants issued pursuant to a private placement completed on November 16, 2011.
The Company issued 800,000 warrants to Dr. Sally Eyre, President, Chief Executive Officer, and Director as part of the private placement completed on November 16, 2011 (the "Warrants"). Dr. Eyre was the only participant in the private placement. Each Warrant has an exercise price of $0.28 and was set to expire on November 16, 2013. The Company has agreed to extend the expiry date of the Warrants by three years to November 16, 2016. The other terms of the Warrants remain unchanged.
The extension of the Warrants' expiry date is subject to approval of the TSX Venture Exchange. On behalf of the Board of Directors:
Dr. Sally Eyre President, CEO and Director
About Copper North
Copper North is a Canadian mineral exploration and development company. Copper North's assets include the Carmacks Copper Project located in the Yukon, and the Redstone Property located in the Northwest Territories. Copper North trades on the TSX Venture Exchange under the symbol COL.
This news release includes certain statements that are "forward-looking statements" within the meaning of applicable securities laws including statements regarding the proposed extension of the Warrants, which are based on the assumption that regulatory approval will be obtained prior to the expiry date of the Warrants. There is no assurance that such approval will be obtained in a timely manner, or at all. If the necessary approval is not obtained the Warrants may expire, unexercised.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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