NEWS Financing increasedCooper increases financing to $1.5-million
2007-02-07 17:23 ET - News Release
Mr. Simon Tam reports
PRIVATE PLACEMENT INCREASED
Cooper Minerals Inc. is increasing its non-brokered private placement previously announced in Stockwatch on Feb. 2, 2007, for the sale of 1.8 million units, at a price of 50 cents per share, to three million units for a total of $1.5-million. Each unit will consist of one common share and one transferable share purchase warrant for the purchase of an additional common share of the company within 18 months from the date of closing. The exercise price for the warrant will be 65 cents per share. The funds will be used for the company's general working capital and its exploration programs. The maximum allowable finder's fee will be payable. The transaction is subject to regulatory approval.