Private Placement Closed
VANCOUVER, March 9, 2007 - Cooper Minerals Inc. (TSXV: CQ) (the
"Company") wishes to announce that it has closed the non-brokered private
placement previously announced on February 7, 2007 through the issuance of
3,000,000 units at a price of $0.50 per unit for gross proceeds of
$1,500,000. Each unit consists of 1 common share and 1 share purchase
warrant for the purchase of one further common share of the Company within
18 months at the exercise price of $0.65 per share. All of the securities
issued under the private placement are subject to a four-month hold period
expiring September 6, 2008.
On behalf of the Board of Directors
Cooper Minerals Inc.
Simon Tam
Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND
DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS
RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. "SAFE
HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT
HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR
IMPLIED HEREIN.
