Copper One Inc.
TSX VENTURE : CUO

Copper One Inc.

July 14, 2016 18:00 ET

Copper One Announces Private Placement Financing of Up to $2.6 Million and Provides Corporate Update

TORONTO, ONTARIO--(Marketwired - July 14, 2016) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Copper One Inc. (TSX VENTURE:CUO) ("Copper One" or the "Company) is pleased to announce a brokered private placement offering of units (the "Units") at a price of $0.13 per Unit for aggregate gross proceeds of up to $2.6 million (the "Offering"). Each Unit will consist of one common share of the Company and one common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to acquire one common share of the Company at a price of $0.20 for a period of 24 months following the closing date of the Offering.

The Offering

The Company has engaged Delano Capital Corp. (the "Agent") as lead agent for the Offering on a "best efforts" basis and the Offering is expected to close on or about July 29, 2016 (the "Closing Date").

Prior to the Closing Date, the Agent will have the option to increase the proceeds raised under the Offering by up to an additional $390,000 to raise the aggregate gross proceeds up to $2,990,000.

The Company has agreed to pay the Agent a cash fee equal to 7% of the gross proceeds from certain subscribers to the Offering. As additional compensation, the Agent will be issued compensation options (the "Broker Options") equal to 7% of the total number of Units issued by the Company to certain subscribers pursuant to the Offering. Each Broker Option will be exercisable at a price of $0.13 per Broker Option into one common share of the Company and one Warrant (a "Broker Warrant") for a period of 24 months following the closing date of the Offering. Each whole Broker Warrant shall entitle the holder to acquire one additional common share of the Company at a price of $0.20 for a period of 24 months following the closing date of the Offering.

The Company will use the net proceeds from the Offering to fund further exploration and development activities at the Company's Rivière Doré project in Quebec and for general corporate purposes.

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities. All securities issued pursuant to the Offering will be subject to a four month and one day hold period.

Corporate Update

The Company is also pleased to announce the appointment of Paul Pint to its board of directors. Mr. Pint is the President of Sulliden Mining Capital Inc. and has over 20 years of capital markets experience. Mr. Pint began his capital markets career on the institutional equity team at a large Canadian financial institution. Over his career, he has held a number of senior positions at various financial institutions and boutique investment banks in Canada. Mr. Pint is a Chartered Professional Accountant and holds a Bachelor of Commerce degree from the University of Toronto.

About Copper One

Copper One is focused on developing the Rivière Doré property located near Val d'Or, Quebec covering the base of the Bouchette anorthositic complex which spans over 80 km.

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the timing of the Offering, the use of proceeds from the Offering, the impact of changes to the board of directors of the Company and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Copper One, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Copper One has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Copper One does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION 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.

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