GREY:CATXF - Post by User
Post by
sololeoon Feb 20, 2013 11:08am
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Post# 21016113
CCY PP
CCY PP Press release from PR Newswire
Catalyst Copper Announces Private Placement
Wednesday, February 20, 2013
Trading Symbol: CCY
VANCOUVER, Feb. 20, 2013/PRNewswire/ - Catalyst Copper Corp. (the "Company" or "Catalyst") is undertaking a non- brokered private placement (the "Offering") of up to 10,000,000 units at a price of $0.06per unit for gross proceeds of Cdn $600,000.
Each unit will consist of one common share and one half of a common share purchase warrant. Each whole warrant will entitle its holder to purchase one additional common share of the Company for five years from the closing date, at a price of $0.12per common share. The common shares issued under the Offering will be subject to a four-month hold period from the date of closing. A finders' fee on the gross proceeds may be paid in accordance with TSX-Venture Exchange policy.
The Company intends to use the net proceeds of the Offering to complete the remainder of its financial commitments to acquire an interest in the La Verdecopper project and for general working capital.
The Offering is subject to receipt of the acceptance of the TSX Venture Exchange.