(via Thenewswire.ca)
Vancouver, BC / TheNewswire / October 26, 2016 - Lorraine Copper Corp. (the "Company") (TSX-V: LLC) has received subscriptions for a private placement, subject to regulatory approval, for the sale of 4,723,500 units at a price of $0.06 per unit (each unit comprising one common share and one warrant for the purchase of one additional common share at a price of $0.10 per share for a term of two years from the date of receipt of regulatory approval of the private placement).
Gross proceeds of the offering will be $283,410.
The Company will pay a commission of 276,500 common shares on behalf of the placement.
The proceeds of the offering shall be applied to general working capital.
This offering is subject to approval of the TSX Venture Exchange.
On behalf of the board of directors of the Company;
Donald D. Sharp
Donald D. Sharp, CA-CPA
Director & CFO
Lorraine Copper Corp.
FOR FURTHER INFORMATION REGARDING LORRAINE COPPER PLEASE CONTACT:
Paul Way, Business Development Manager
(604) 681-7913 or
Toll Free: (888) 656-6611
The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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