Copperhead Resources Closes First Tranche of Private Placement
Summary
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESVancouver, British Columbia March 4, 2025 Copperhead Resources Inc. (Copperhead or the Company) (CSE: CUH) is pleased to announce that it has closed the first tranche (the First Tranche) of its previously disclosed non-brokered private placement (the Offering).In the First Tranche, the Company raised gross proceeds of $92,250 through the issuance of 1,230,000 common shares in the capital of the Company (the Shares) at a price of $0.075 per Share. The proceeds from the issuance of the Shares will be used for working capital purposes.All Shares issued in connection with the First Tranche are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.Subscriptions by insiders of the Company accounted for $73,500 of the gross proceeds of the Offering. 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. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements.