News Releases

Copper Reef Announces Private Placement

September 11, 2015

Copper Reef Mining Corporation (CSE: CZC) (the "Issuer") wishes to announce a non-brokered private placement financing up to an aggregate proceeds of $300,000.00 (the "Maximum Offering Amount") comprised of such number of Flow Through Shares at a price of $0.05 per Flow-Through Unit and Class "A" Units at a price of $0.05 per Unit as the Company may determine.

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals. All securities to be issued under the Offering will be subject to a four-month statutory hold period in Canada.

The Units shall consist of, and separate immediately upon closing, into one common share of the Issuer (a "Common Share") and one whole Warrant at a purchase price of $0.05 cents for a period of twelve (12) months following the date of issuance. The Flow-Through Units shall consist of, and separate immediately upon closing, into one Common Share of the Issuer, each to be issued as a "flow-through share" (the "Flow-Through Shares") within the meaning of the Income Tax Act (Canada). The warrants attached to the Flow-Through Shares shall entitle the holder to purchase one Common Share for a purchase price of $0.10 per Common Share for a period of twenty four (24) months following the date of issuance.

The Company intends to utilize the proceeds of $300,000 from the flow-through portion of this private placement for exploration, first on C2, C3 and B1 diamond exploration properties in the Pikoo Area of Saskatchewan with a lesser amount on targets in the Fort a la Corne area of Saskatchewan. Approximately $20,000 will be used for ground geophysical surveys to follow up on the large Alberts Lake VTEM Target in the Flin Flon Camp of Manitoba, followed by a $200,000 drill program on the Alberts and Aimee targets. Details of our fall and winter exploration will be followed up in a subsequent release. The proceeds from the non-flow-through units will be used for both corporate and exploration purposes. The first tranche is expected to close by mid Steptember.


Copper Reef is a Canadian junior mineral exploration company with a specific focus on mineral properties in northwest Manitoba and northeast Saskatchewan, Canada. All of the Issuer's properties are currently at the exploration stage. The Issuer has no long-term debt and has assembled a portfolio of base metal and precious metal prospects, including strategic locations in the Provinces of Manitoba and Saskatchewan. 

Copper Reef Mining Corporation 

Stephen L. Masson M.Sc. P.Geo.
President & CEO 

No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Issuer's future plans, objectives or goals, including words to the effect that the Issuer or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.