Industry News | Cooper Minerals Inc.


MELDUNGEN Pressemeldungen Industrielle Nachrichten Analystenberichte		PRESSEMELDUNGEN November 24, 2004 Private Placement Closed Mr. Craig Walker reports Cooper Minerals Inc. has closed its private placement of 1,166,700 units at a price of 30 cents per unit for a total of $350,010. Each unit consists of one common share and one transferable share purchase warrant for the purchase of one further common share of the company, having an exercise price of 40 cents for the first year and 50 cents at any time after the first year until the expiry of such share purchase warrants. The share purchase warrants will have a term of the lesser of: two years from the date of issuance of the share purchase warrant; or the period ending on the fifth business day following five consecutive days that the market price of the shares as traded on the NEX or the TSX Venture Exchange has closed equal to or greater than 50 cents per share. The funds will be used for unallocated working capital and property acquisition. The company also issued 741,856 common shares at a deemed price of 30 cents per share and 50,000 share purchase warrants each for the purchase of one further share within two years at a price of 40 cents for the first year and 50 cents for the second year to settle a total amount of $222,557 indebtedness to its creditors. All of these units are subject to a four-month hold period expiring March 16, 2005. WARNING: The company relies upon litigation protection for "forward-looking" statements. Zurück zur vorherigen Seite

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	TSX-V: Frankfurt:	CQ JM6	0.035 -0.005 0.03 -0.013

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