| | Published : July 17th, 2007 | to raise $10,000,000 in flow-through and non-flow-through funds |
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Re: News Release - Tuesday, July 17, 2007
Title: Copper Fox Metals Inc. to raise $10,000,000 in flow-through and non-flow-through funds
Calgary, July 17, 2007 Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-Venture CUU) is pleased to announce that, subject to the approval of the TSX-Venture Exchange, the Company intends to offer a brokered private placement of a maximum (Can. $10,000,000) in flow-through and non-flow-through funds (the Offering).
The flow-through component of this offering will be in the form of up to 4,800,000 common shares at a price of $1.25 per share (up to 60% of the total offering). The unit component will consist of up to 9,090,910 units at a price of $1.10 per unit. Each unit shall consist of one non-flow-through common share and one-half of a non flow-through common share purchase warrant. Each full Warrant will entitle the Purchaser to purchase one Warrant Share at a price of $1.60 per Warrant Share, exercisable at any time until the close of business on the date following the expiry of 18 months from the Closing Date provided that, if at any time following the expiration of four months from the Closing Date, the Closing Price of the Issuers Shares is equal to or greater than $1.75 per share for 15 consecutive trading days, the Issuer may give notice to the Purchaser in writing that the expiry date of the Warrants is being shortened to 30 days from the date of such notice.
The Company has engaged Evergreen Capital Partners Inc. as exclusive lead agent (the "Agent") for this private placement, subject to management's right to place up to $1,500,000 of the offering. The Company has agreed to the payment of an Agent's commission of 7% of the gross sales by the Agent, payable at closing. The Company will issue brokers warrants equal to 7% of the number of Unit shares and flow-through shares sold under the offering. Each broker warrant will entitle Evergreen to purchase one share at the Unit issue price at any time prior to the date that is 24 months from closing. In addition, the Company has granted the Agent an over-allotment option to purchase up to 15% of the number of flow-through shares and Units issued on closing, at the Issue Price.
Funds generated from this financing will be used to advance the feasibility study and include metallurgical testing, engineering studies, road access as well as general operating purposes associated with the ongoing development of the company's world class copper/gold porphyry project located at Schaft Creek British Columbia.
About Copper Fox
The Schaft Creek mineral deposit is one of the largest undeveloped copper deposits in Canada and the company is evaluating the feasibility of developing an open pit mine with a capacity of up to100,000 tonnes per day and a mine life of 35 years. Copper Fox holds the property pursuant to an option agreement with Teck Cominco Limited whereby Copper Fox may acquire up to a 93.4% direct and indirect interest in the property. Title to the property is in good standing before the BC Government until 2015.
Schaft Creek is located in north western British Columbia, Canada, a stable socio-political environment. This area of northwest British Columbia is often referred to as the "Gold Copper Belt" and includes deposits like Galore Creek, and Red Chris. Copper Fox is in the Environmental Assessment Process required by the British Columbia and Canadian Governments for project permitting and is in continuous consultation with the Tahltan Nation.
For further information please contact Jason Shepherd, Investor Relations toll free at 1-866-913-1910, Email www. investor@copperfoxmetals.com or contact Guillermo Salazar at 403-264-2820. Please visit the Copper Fox web site at: www.copperfoxmetals.com . The full resource calculation report can be viewed on SEDAR.
On behalf of the Board of Directors
Guillermo Salazar S, President & CEO
The TSX Venture Exchange has not reviewed the contents of this news release and accepts no responsibility for the adequacy or the accuracy thereof.
This news release includes "forward-looking information" within the meaning of the Canadian securities laws. Statements, other than statements of historical fact, may constitute forward-looking information and include, without limitation: anticipated timing and content of upcoming work programs, geological interpretations, and potential mineral recovery processes; anticipated dates for receipt of permits, approvals and other milestones; anticipated results of drilling programs, scoping and feasibility studies and other analyses; future production, operating and capital costs; and operating or financial performance. Information concerning mineral reserve and resource estimates also may be deemed to be forward-looking information in that it reflects a prediction of the mineralization that would be encountered if a mineral deposit were developed and mined. For any forward looking information given, management has assumed that the assay results it has received are reliable, and has applied geological interpretation methodologies which are consistent with industry standards. Forward-looking information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Important factors that could cause actual results to differ materially from management's expectations include: fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for co-operation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in the Company's other filings with Canadian securities regulatory authorities at www.sedar.com. The forward-looking information in this news release is based on management's current expectations and Copper Fox assumes no obligations to update such information to reflect later events or developments, except as required by law.
Copyright © 2007 COPPER FOX METALS INC. (CUU) All rights reserved. For more information visit our website at
http://www.copperfoxmetals.com/
or send email to
investor@copperfoxmetals.com
..
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$ 104.8 millions as of today (US$ 76.7 millions, € 71.7 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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