Copperhead Resources Announces Non-Brokered Private Placement
Summary
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESVancouver, British Columbia December 6, 2024 Copperhead Resources Inc. (Copperhead or the Company) announces that it intends to complete a non-brokered private placement for gross proceeds of up to $300,000 (the Offering).Pursuant to the Offering, the Company intends to raise gross proceeds of up to $100,000 from the issuance of flow-through common shares in the capital of the Company (FT Shares) at a price of $0.10 per FT Share. The proceeds from the issuance of HD Shares will be used for working capital purposes and for the identification and evaluation of mineral properties.The Offering is anticipated to close on or about December 20, 2024. The Companys principal objective is to locate and develop precious metals, focusing initially on the exploration and development of the Red Line Project, the Companys sole mineral exploration project located in British Columbia, Canada. From time to time the Company may also evaluate and acquire other mineral properties of merit, containing a variety of metals and minerals and located in a variety of geographical jurisdictions.For further information about Copperhead, please contact:This press release contains certain forward-looking statements, including those relating to the Offering and the use of proceeds thereof. These statements are based on numerous assumptions regarding the Offering and the Companys plans that are believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without limitation: risks related to the ability of the Company to satisfy the conditions of the Offering and to close the Offering; risks inherent in mineral exploration activities; mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Companys properties; the risk that the Company will not be able to raise sufficient funds to carry out its business plans;volatility in financial markets, economic conditions, and precious metals prices; regulatory approval processes; and those other risks described in the Companys continuous disclosure documents.