Universal Copper Ltd. | TSX.V: UNV - FSE: 3TA2
Summary
The Principal Amount will be due and payable by May 28, 2024 (the Maturity Date) and is secured against the assets of the Company. The Company intends to use the Principal Amount to satisfy the outstanding cash option payment with respect to the Poplar Copper Project.All securities issued in connection with the Loan Agreement will be subject to a statutory hold period of four months plus a day commencing from the date of distribution in accordance with applicable Canadian securities laws. Universal Coppers current focus is on advancing the Poplar Copper Project, one of the most advanced pre-production copper projects in British Columbia with a historic 43-101 resource.For additional information, please visit the Companys website at www.universalcopper.comON BEHALF OF THE BOARD OF DIRECTORS Clive H. MasseyPresident & CEOFor further information, please contact:Investor RelationsPhone: (604) 341-6870This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, plans, anticipates, believes, intends, estimates, projects, potential, and similar expressions, or that events or conditions will, would, may, could or should occur. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that managements beliefs, estimates or opinions, or other factors, should change.Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.