Gespeg Copper Resources Inc.

Gespeg Copper Resources Inc.

June 24, 2014 09:00 ET

Gespeg Closes Non-Brokered Private Placement and Announces Launch of New Corporate Website

SASKATOON, SASKATCHEWAN--(Marketwired - June 24, 2014) - GESPEG COPPER RESOURCES INC. (TSX VENTURE:GCR) (the "Company" or "Gespeg") Gespeg announces that it has completed its private placement (the "Offering") announced on May 27th and has raised the complete $250,000.

The Offering consisted of 5,000,000 units (the "Units") at a price of $0.05 per Unit. Each Unit consisted of one common share in the capital of the Company (a "Share") and one-half of one share purchase warrant (a "Warrant"). Each full Warrant entitles the holder to purchase one Share at a price of $0.15 exercisable until June 24, 2016. The Shares issued are subject to a statutory hold period in accordance with applicable securities legislation which expires on October 25, 2014.

The net proceeds from the Offering will be used by the Company to fund exploration work on the Company's Vortex and R-Jean project and for general administrative purposes.

Gespeg also announces the launch of its new bilingual website at

About Gespeg Copper Resources Inc.: Gespeg is an exploration company with a focus on copper, especially in a grossly underexplored region "Gaspé, Québec". With a dedicated management team, the Company's goal is to create shareholder wealth through the discovery of new deposits.


Sylvain Laberge, President and CEO


Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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