Copper Reef Mining announces that it has granted stock options to purchase an aggregate of 875,000 common shares in the capital stock of the Company as compensation to certain directors, officers and consultants of the Company under the terms of the Company's incentive stock option plan. The Options vest immediately, are non-transferable and are exercisable at a price of $0.40 per Share, being the greater of the closing [...]
Copper Reef Mining is pleased to announce that it has closed its previously announced fully subscribed non-brokered private placement financing to raise gross proceeds of $1,500,000 from the sale of 2,083,334 common shares of the Company issued as "flow-through shares" within the meaning of the Income Tax Act at a price of $0.48 per Flow-Through Share, and 1,666,667 common shares of the Company at a price of $0.30 per [...]
Copper Reef Mining is pleased to announce the beginning of a 4,300 metre diamond drill program in the Flin Flon Camp of Manitoba and Saskatchewan. The Company will start with a 630 metre program consisting of 5 drill holes at its 100% owned Hanson Lake Property in Saskatchewan where Copper Reef has two horizons each at 2.5 kilometres strike length. This is expected to be followed by a $1,000,000 exploration program which [...]
Copper Reef Mining Corp. is pleased to announce that it proposes to undertake a private placement financing to raise gross proceeds of up to $1.5 million from the sale of up to 2,083,334 common shares that qualify as “flow-through shares”, as defined under the Income Tax Act, at a price of $0.48 per share and up to 1,666,667 common shares at a price of $0.30 per share. The Offering is expected to be fully [...]
Copper Reef Mining Corp. is pleased to announce that it has closed the second tranche of $365,000 of its previously announced fully subscribed non-brokered private placement financing to raise up to a maximum of $700,000 through the sale of up to 35,000,000 Class “A” Units at a price of $0.02 per Unit. Each Unit shall consist of, and separate immediately upon closing into, one common share and one common share [...]
Copper Reef Mining Corp. is pleased to announce the beginning of their Base Metal Drilling north of Sourdough Bay in the main Flin Flon Camp of Northern Manitoba. The Company plans to drill initially 2 to 3 targets of 7 Airborne VTEM targets that occur just north of the former Pine Bay, Baker Patton and North Star Mines. The three being drilled occur as a cluster of four, possibly representing mineralization connected at [...]
