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Re: News Release - Tuesday, August 04, 2009
Copper Ridge Shareholders Approve Private Placement
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Vancouver, BC, August 4, 2009 -- Copper Ridge Explorations Inc.
("Copper Ridge" or the "Company") announces that at the Company's
Annual and Special General Meeting held earlier today, it received
shareholder approval to the non-brokered private placement with Platoro
West Holdings Inc. ("Platoro") announced by news release dated May 29,
2009. In accordance with the Subscription and Distribution Agreement
dated May 28, 2009, as amended, Platoro has subscribed for up to
100,000,000 common shares (the "Shares") in the capital of the Company
(the "Private Placement") at a subscription price of $0.03 per share
for total proceeds of $3,000,000. Issuance of the Shares to Platoro
will result in the creation of a new Control Person (as such term is
defined in the TSX Venture Exchange Corporate Finance Manual), however,
following the closing of the Private Placement, Platoro intends to
distribute the Shares to its shareholders.
Closing of the Private Placement is subject to several conditions
precedent including receipt of all required regulatory approvals.
At the Meeting, shareholders re-elected Gerald G. Carlson, Mark Fields,
Gordon J. Fretwell, Alan C. Savage and J. Greg Dawson as directors of
the Company.
Contact:
Gerald G. Carlson, President & CEO
Copper Ridge Explorations Inc.
Suite 500 -- 625 Howe Street
Vancouver, B.C. V6C 2T6
Phone: 604-688-0833; 1-888-278-2288
info@copper-ridge.com
TSX Venture Exchange -- KRX Pink Sheets -- CRXOF Berlin -- 502845
This release was prepared by management of the Company who takes full
responsibility for its contents. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this news release.
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Copyright (c) 2009 COPPER RIDGE EXPLORATIONS INC. (KRX) All rights
reserved. For more information visit our website at
http://www.copper-ridge.com/ or send mailto:info@copper-ridge.com
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Copper Ridge is a copper producing company based in Canada. Copper Ridge produces copper, gold and silver in Mexico, and holds various exploration projects in Canada and in Mexico. Its main asset in production is GAVILANES in Mexico and its main exploration properties are KALZAS, DUKE ISLAND, BABINE, GOLD DOME, BOREALIS, COPPER ACE, JOSS'ALUN, LUCKY JOE, YUKON OLYMPIC, OGOPOGO, WILLOUGHBY, CLEAR LAKE, HART RIVER CLAIMS, LUCKY JOE AND SHAMROCK and ASH, B AND TAR CLAIMS in Canada. |