| | Published : September 14th, 2012 | Announces the Closing of a $4,025,000 Financing by an Insider and a $4,000,000 Private Placement Uni |
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Copper Fox Announces the Closing of
a $4,025,000 Financing by an Insider and a $4,000,000
Private Placement Unit Offering, Insider commits to 100% Participation
Copper Fox
Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU) is pleased to announce the closing
of a financing by an insider for proceeds of $4,025,000 (the
"Financing").
The Financing consisted of the issuance of 3,500,000 units at a purchase price
of $1.15 per unit, for aggregate net proceeds of $4,025,000. Each unit consists
of one common share of Copper Fox and one common share purchase warrant of
Copper Fox. Each warrant entitles the holder thereof to acquire one common
share of Copper Fox at an exercise price of CDN $1.25 prior to 5:00 PM
September 10, 2013.
Monies raised from the Financing will be used to fund costs associated with
completing the feasibility study on the Schaft Creek
deposit and general operating expenses.
In accordance with applicable securities legislation, securities issued
pursuant to the Financing are subject to a hold period of four months plus one
day from the date of completing the Financing.
No fees or commissions were paid as part of this transaction.
Copper Fox is also pleased to announce that subject to the approval of the
TSX-Venture Exchange, the Company intends to complete a non-brokered private
placement to raise up to CDN $4,000,000 (the "Offering". The Offering
is expected to consist of 3,478,261 units at a purchase price of $1.15 per
unit, for aggregate gross proceeds of $4,000,000. Each unit consists of one
common share and one common share purchase warrant of Copper Fox. Each warrant
entitles the holder thereof to acquire one common share of Copper Fox at an
exercise price of CDN$1.25 prior to 5:00 pm on the one year anniversary of the
closing date of the Offering.
Mr. Ernesto Echavarria, a Director, insider and
control person of Copper Fox as defined by the regulators of the TSX-Venture
Exchange, has committed to participating in 100% of the Offering.
Monies raised from the Offering will be used to fund costs associated with the
recently announced purchase of the Van Dyke and Sombrero Butte Copper projects
in Arizona, the Schaft Creek Feasibility Study and
general operating expenses.
About Copper Fox
Copper Fox is a Canadian-based resource development company listed on the TSX
Venture Exchange (TSX-V:CUU) with a corporate office in Calgary and an
operations office in Vancouver and is involved in the exploration and
development of the Schaft Creek
copper-gold-molybdenum-silver deposit located in northwest British Columbia,
Canada.
The Company is working on completing a Feasibility Study on the Schaft Creek mineral deposit, one of the largest
undeveloped copper, gold, molybdenum and silver deposits in North America. The
Feasibility Study is being led by Tetra Tech Wardrop
on a minimum 120,000 tpd open pit mine and is
expected to be completed mid-late summer, 2012.
Copper Fox holds title and a 100% working interest in the Schaft
Creek project consisting of 55,779.56 hectares (137,834 acres). Included in
this total are the "Schedule A" mineral tenures originally conveyed
to Copper Fox pursuant to the option agreement dated January 1, 2002 between Teck Resources Limited ("Teck")
and Copper Fox (the "Teck Option
Agreement"), which consist of 8,334.34 hectares (20,594 acres). The
"Schedule A" mineral tenures are subject to a 3.5% Net Profits
Interest held by Royal Gold, Inc., a 30% carried Net Proceeds Interest held by
Liard Copper Mines Limited ("Liard") and, together with the additional
mineral tenures obtained by Copper Fox within the "Area of Interest"
provided for in the Teck Option Agreement, an earn
back option held by Teck. On completion of the
Feasibility Study, Copper Fox will earn Teck's 78%
interest in Liard. Teck's earn back option to acquire
either, 20%, 40% or 75%, of Copper Fox's interest in the Schaft
Creek property is triggered upon delivery of a positive Feasibility Study to Teck. Should Teck elect to
exercise its option for 75%, Teck is required to fund
subsequent property expenditures up to a total of 400% of those incurred by
Copper Fox ($84.9 million to July 31, 2012) and arrange for project financing,
including the Copper Fox portion. For full details of the Teck
earn back option please refer to the Company's website www.copperfoxmetals.com.
The remainder of Copper Fox's registered interests in mineral tenures in
British Columbia total 47,445.22 hectares (117,240 acres). These interests have
been acquired by Copper Fox through mineral tenure acquisitions and mineral
tenure purchase agreements subsequent to Copper Fox entering into the Teck Option Agreement. Certain portions of these registered
mineral tenures are subject to inclusion within the Schaft
Creek project pursuant to the terms of the "Area of Interest"
provisions of the Teck Option Agreement.
*United States investors are advised that current Mineral Resources are not
current Mineral Reserves and do not have demonstrated economic viability. All
figures are rounded to reflect the relative accuracy of the estimate and in
keeping with "best practice principles".
For additional information contact: Investor line 1-866-913-1910 or J.
Michael Smith, EVP, at 1-604-689-5080
On behalf of the Board of Directors
Elmer B. Stewart
President and Chief Executive Officer
Data and Statistics for these countries : Canada | All Gold and Silver Prices for these countries : Canada | All
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Copper Fox Metals Inc.
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DEVELOPMENT STAGE |
CODE : CUU.V |
ISIN : CA21749Q1046 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Copper Fox is a copper development stage company based in Canada. Copper Fox develops copper, gold, molybdenum and silver in Canada. Its main asset in development is SCHAFT CREEK in Canada. Copper Fox is listed in Canada. Its market capitalisation is CA$ 96.3 millions as of today (US$ 77.0 millions, € 67.4 millions). Its stock quote reached its highest recent level on April 21, 2011 at CA$ 2.63, and its lowest recent point on March 13, 2020 at CA$ 0.01. Copper Fox has 427 809 984 shares outstanding. |
Annual reports of Copper Fox Metals Inc. |
Financings of Copper Fox Metals Inc. |
7/1/2016 | Announces Closing of the Second placement |
4/8/2013 | Announces Closing of a $2,653,000 Financing |
2/22/2013 | announces a $2,500,000 Private Placement Unit Offering, insi... |
1/22/2013 | ANNOUNCES the Closing of a $1,500,000 Financing by an Inside... |
1/16/2013 | Announces a $1,500,000 Private Placement Unit Offering, Insi... |
1/16/2013 | Announces a $1,500,000 Private Placement Unit Offering, Insi... |
10/24/2012 | ANNOUNCES the Closing of a $2,500,000 Financing by an Inside... |
9/14/2012 | Announces the Closing of a $4,025,000 Financing by an Inside... |
7/23/2012 | ANNOUNCES a $4,025,000 Private Placement Unit Offering, Insi... |
6/18/2012 | Announces A $4,480,000 Private Placement Unit Offering Insid... |
1/30/2012 | Announces The Closing Of $2,200,000 Financing By An Insider |
1/19/2012 | Announces a $2,200,000 Private Placement Unit Offering Insid... |
12/14/2011 | Announces the Closing of $4,000,000 Financing by an Insider |
12/7/2011 | Announces Increase of $2,000,000 to previously announced Pri... |
10/5/2011 | Announces the Closing of $5,000,000 Financing by an Insider |
9/13/2011 | Announces an Additional $2,000,000 Private Placement Unit Of... |
9/8/2011 | announces a $3,000,000 Private Placement Unit Offering. Ins... |
3/31/2011 | ANNOUNCES THE ACCELERATION TERM TO BE APPLIED TO THE EXPIRY ... |
3/17/2011 | CLOSING OF A $3,750,000 NON BROKERED PRIVATE PLACEMENT FLOW-... |
2/17/2011 | Announces a $3,750,000 Non Brokered Private Placement Flow-T... |
10/22/2009 | closing of a $2,000,000 Private Placement Unit Offering |
9/28/2009 | $2,000,000 Private Placement |
6/23/2009 | Provides Update on its $6,000,000 Private Placement |
6/19/2009 | Updates on its $6,000,000 private placement |
6/2/2009 | announces a $6,000,000 non-brokered Private Placement of whi... |
12/16/2008 | Announces the Withdrawal of a Private Placement Financing |
11/7/2008 | ANNOUNCES PRIVATE PLACEMENT FINANCING |
11/7/2008 | Announces Private Placement Financing |
5/15/2008 | closes Non Brokered Private Placement Financing of $12,398,2... |
7/17/2007 | to raise $10,000,000 in flow-through and non-flow-through fu... |
7/17/2007 | Intends to offer a brokered private placement |
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Option Grants of Copper Fox Metals Inc. |
Nominations of Copper Fox Metals Inc. |
Financials of Copper Fox Metals Inc. |
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Project news of Copper Fox Metals Inc. |
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Corporate news of Copper Fox Metals Inc. |
6/29/2016 | Copper Fox Announces 2016 Second Quarter Financial Results |
6/10/2016 | Copper Fox Announces a $1,000,000 Non-Brokered Private Place... |
3/31/2016 | Copper Fox Announces 2016 First Quarter Financial Results |
3/30/2016 | Copper Fox Annnounces 2016 Schaft Creek Program |
1/25/2016 | Copper Fox Announces Mineral Mountain Copper Project in Ariz... |
12/24/2015 | Copper Fox Files Van Dyke Technical Report on SEDAR |
12/22/2015 | Copper Fox Announces $1,650,000 Non-Brokered Private Placeme... |
11/6/2015 | Copper Fox Provides Update of Activities |
9/29/2015 | Copper Fox Announces Third Quarter Results |
9/25/2015 | Copper Fox Extends Size of Exploration Target on Sombrero Bu... |
9/8/2015 | Copper Fox Reports Large Chargeablity Signature on Sombrero ... |
7/28/2015 | Copper Fox Provides Update of Activities |
7/13/2015 | Copper Fox Commences Titan-24 DCIP Survey at Sombrero Butte ... |
4/15/2015 | Copper Fox Announces Preliminary Results of Metallurgical Te... |
4/8/2015 | Copper Fox Announces Commencement of Preliminary Economic As... |
3/31/2015 | Copper Fox Annnounces First Quarter Results |
3/17/2015 | Copper Fox Annnounces 2015 Schaft Creek Program |
3/13/2015 | Copper Fox Receives $3.63 Million Cash Refund |
3/12/2015 | Copper Fox Extends Warrant Expiry Dates and Announces AGM Da... |
2/27/2015 | Copper Fox Announces Annual Results |
2/9/2015 | Copper Fox Updates Schaft Creek Project Activities |
2/3/2015 | Copper Fox Files Van Dyke Technical Report on SEDAR |
1/15/2015 | Copper Fox Completes Top-Up Investmentin Carmax Mining Corp. |
12/24/2014 | Copper Fox Provides Corporate Update on Project Activities |
12/19/2014 | Copper Fox Completes Inferred Mineral Resource Estimate for ... |
12/3/2014 | Copper Fox Announces Preliminary In-Situ Leach Test Results ... |
10/28/2014 | Copper Fox Announces Commencement of Resource Estimate at Va... |
10/23/2014 | Copper Fox Announces Update on Schaft Creek Project |
9/25/2014 | Copper Fox Completes Top-Up Investment in Carmax Mining Corp... |
9/23/2014 | Copper Fox Announces Third Quarter Results |
9/10/2014 | Copper Fox Announces Van Dyke Drill Results and Provides Oth... |
8/7/2014 | Copper Fox Announces Van Dyke Drill Results and Provides Cor... |
7/21/2014 | Copper Fox Completes Van Dyke Drilling Program and Provides ... |
6/18/2014 | Copper Fox Announces Second Quarter Results |
5/29/2014 | Copper Fox Closes Carmax Investment |
5/23/2014 | Copper Fox Announces Carmax Shareholders Approve Private Pla... |
5/15/2014 | Copper Fox Adds Second Drill to Van Dyke Project and Provide... |
12/3/2013 | s Activities on Van Dyke Copper Deposit in Arizona |
11/19/2013 | Sampling locates two large areas of porphyry style copper-mo... |
8/30/2013 | announces a corporate reorganization |
8/12/2013 | provides update on corporate activities |
7/16/2013 | (Schaft Creek)And Teck Resources Form Schaft Creek Joint Venture |
6/5/2013 | (Schaft Creek)provides update on discussions regarding Schaft Creek |
2/7/2013 | (Schaft Creek)Completes Land Acquisitions at Schaft Creek & Sombrero Butte... |
1/17/2013 | Announces Extension Of Expiry Date Of Certain Stock Options |
10/17/2012 | (Schaft Creek)Reports Diamond Drill Results From the 2012 Drilling Program... |
9/25/2012 | (Schaft Creek)Reports the Status of the Schaft Creek Feasibility Study and... |
9/25/2012 | (Schaft Creek)Reports the Status of the Schaft Creek Feasibility Study and... |
9/4/2012 | Drilling Indicates Widespread Mineralization in the Discover... |
8/2/2012 | (Schaft Creek)Drilling Extends Mineralization In Discovery Zone And Acquir... |
2/16/2012 | (Schaft Creek)Locates a New Zone of Copper Mineralization 1,200M North of ... |
1/23/2012 | Announces The Issuance Of 1,272,727 Shares For Outstanding ... |
1/13/2012 | Announces Shares For Debt Agreement |
9/6/2011 | (Schaft Creek)Drilling Intersects 0.81% Copper Equivalent Over 154m at Sch... |
7/11/2011 | (Schaft Creek)Measured and Indicated Resource Estimate Exceeds 1 Billion T... |
6/21/2011 | (Schaft Creek)High Resolution Magnetic Survey at Schaft Creek Confirms Sim... |
4/13/2011 | Announces Completion of 3D Model and Award of High-Resolutio... |
4/13/2011 | ANNOUNCES COMPLETION OF 3D MODEL AND AWARD OF HIGH-RESOLUTIO... |
6/17/2010 | June 17 2010 news release |
6/1/2010 | June 1 2010 News release |
2/2/2010 | Feb 2 2010 news release |
1/21/2010 | Jan 21, 2010 |
10/23/2009 | New release attached |
10/22/2009 | announces the closing of a $2,000,000 Private Placement Unit... |
9/17/2009 | Applauds Federal Government’s Support for British Columbia N... |
9/17/2009 | Applauds Federal Government's Support for British Columbia N... |
7/13/2009 | Special Shareholders Meeting Approves a New control Person -... |
7/13/2009 | July 13, 2009 News release |
6/30/2009 | Three and Six Months Ended April 30, 2009 |
6/26/2009 | June 25, 2009 news release |
3/3/2009 | Annual Financial |
2/27/2009 | Feb 26, 2009 News release |
2/27/2009 | Lions Gate Metals Inc. and Copper Fox Metals Inc. Announce B... |
2/12/2009 | Correct News release |
2/12/2009 | Feb 11 09 News release |
2/12/2009 | provides an update of Corporate Activities |
2/3/2009 | Highway 37 Power Line Coalition Applauds Premier for Express... |
1/22/2009 | Cambridge House Invitation - Vancouver |
12/18/2008 | December 17 2008 News release |
12/18/2008 | Announces Resignation Of A Director |
9/30/2008 | Sept 30/08 |
9/29/2008 | Applauds Advancement of Northwest Power Line |
9/29/2008 | Applauds Advancement of Northwest Power Line |
9/26/2008 | Northwest Power Line Could Create Thousands of Jobs, Attract... |
9/17/2008 | Schaft not Galore says Copper Fox president |
9/2/2008 | LV Hard Assets Conference Personalized Html |
7/17/2008 | from the Ministry of Energy, Mines and Petroleum Resources r... |
6/26/2008 | June 26 2008 Options |
6/26/2008 | June 26, 2008 |
5/26/2008 | Register Today for a Discounted Rate to the New Orleans 2008... |
4/4/2008 | Applauds Advancement of Northwest Power Line Study |
3/31/2008 | $16mm offering |
11/15/2007 | announces the renewal of the engagement of Jason Shepherd fo... |
10/12/2007 | Announces is has earned a 70% Direct Interest in the World C... |
10/2/2007 | $400 million to empower B.C.'s far northwest |
8/8/2007 | Drilling to Commence at Copper Flats |
7/12/2007 | Press Release: Augusta Files Plan of Operations for Rosemont... |
7/3/2007 | 2nd Quarter Financials |
6/11/2007 | announces its request for a trading halt |
5/4/2007 | and the Tahltan Nation Development Corporation complete a "M... |
4/22/2007 | Adopts a Shareholder Rights Plan. |
2/27/2007 | Welcomes New Executive to the Team |
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