CopperBank Resources is pleased to announce that the Company has completed a non-brokered private placement of 17,500,000 common shares at a price of $0.08 per share. An additional 5,000,000 common shares are being issued to Gianni Kovacevic, Chairman of the Company, in order to extinguish a $400,000 loan to the Company by Mr. Kovacevic. The Company paid cash commissions under the placement consisting of $5,640.
CopperBank is pleased to announce that the Company has completed a strategic review of each of their 100% controlled projects; namely Contact Copper located in Elko County, Nevada and Pyramid Copper located on the Alaska Peninsula. Management believes completing further drilling campaigns at both deposits may unlock substantial new value for the Company. It is anticipated that the budgetary parameters, which the Company [...]
CopperBank Resources is pleased to announce that it has secured Alaska engineering firm DOWL to provide initial infrastructure planning for an area that is approximately four kilometres down-hill from the Pyramid project (view map). DOWL will assist CopperBank in developing rough order of magnitude ("ROM") understanding for several components of conceptual infrastructure. Specifically, these infrastructure components [...]
CopperBank Resources announces that it has appointed Brigitte Dejou as an independent director and Colin Burge has joined the company's technical advisory team. Mr. Kovacevic comments, "I have known Brigitte and Colin for many years and have direct experience with both of them. CopperBank's technical team now comprises of ten shareholder aligned members who have a combined two hundred and fifty years of industry [...]
CopperBank Resources announces that it has granted an aggregate of 6,650,000 incentive stock options, with an exercise price of $0.10, to Officers, Directors, Consultants, and Advisors. The Options can be exercised for a period of five years from the date of grant, are subject to the policies of the Canadian Securities Exchange, and contain vesting provisions whereby 25% of the Options vest six months from date of grant [...]
CopperBank Resources is pleased to update investors and shareholders that strategic technical advisors have been added to the company's group. Geologist, Thomas Ullrich and mining engineer, Dr. William Willoughby will be joining the company's technical advisory team. Gianni Kovacevic comments, "We are proud to have such a distinguished group of technical advisors to complement our business model and world-class portfolio [...]
CopperBank Resources is pleased to announce that The Aleut Corporation, an Alaska Native Regional Corporation and the underlying property owner for the company's Pyramid and San Diego Bay projects, has agreed to take an equity position in the Company. The Company and TAC have agreed to extinguish CDN $135,000 of future obligations payable by the Company to TAC, including certain lease payment obligations, in exchange for [...]
CopperBank Resources is pleased to update investors and shareholders that a comprehensive review of CopperBank's existing portfolio has continued over the past several months. The purpose of the review is to maximize CopperBank's value which could be accomplished in various ways including continuing to hold or "bank" these and additional copper projects at low costs and/or seek a form of divesture of certain assets [...]
CopperBank Resources is pleased to update on the progress at their Alaska portfolio of projects, and specifically their San Diego Bay copper-gold-molybdenum porphyry prospect. CopperBank has an area 15 kilometres by 8 kilometres, under option agreement with the Aleut Native Corporation. To date 7,486 metres have been drilled on the Pyramid project area establishing a maiden inferred resource (see Report filed on Sedar [...]
CopperBank Resources is pleased to re-release results from a surface sampling program at the Company's 100%-owned Contact Copper Project in northeast Nevada. These results were initially released on August 27, 2012 by Enexco International ("Enexco"), the predecessor company that owned the Contact Copper Project, and are being re-released as part of a corporate update on the joint venture opportunities within CopperBank's [...]
CopperBank Resources is pleased to announce it has closed a non-brokered private placement of 7,500,000 common shares at a price of $0.04 per share for gross proceeds of $300,000. The Company sought and was granted relief to the Canadian Securities Exchange's minimum price rule. No Finder's Fees were paid on the financing.
CopperBank Resources announces that it has amended and re-filed its consolidated condensed interim financial statements for the three and nine months ended September 30, 2015 in response to comments from the BCSC. The three main amendments being as follows: To add disclosure of the judgment and estimates used by the Company in the determination of the Company's resource properties impairment to the Note 3, significant [...]
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