Cooper Increases Financing To $1.5-Million
VANCOUVER, February 7, 2007 - 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.
On behalf of the Board of Directors
Cooper Minerals Inc.
Simon Tam
Director
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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.
ENGLISH