Handa Copper Corporation
TSX VENTURE : HEC

Handa Copper Corporation

March 11, 2015 19:00 ET

Handa Announces Additional Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 11, 2015) - Handa Copper Corporation ("Handa Copper" or the "Company") (TSX VENTURE:HEC) is pleased to announce that, further to its new releases dated February 4, 2015 and February 26, 2015, the Company intends to raise up to an additional $79,579 through a non-brokered private of up to 1,105,263 units (the "Units") at a price of $0.072 per Unit (the "Offering").

Each Unit will consist of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase an additional common share (a "Warrant Share") at an exercise price of $0.12 per Warrant Share for a period of 36 months from the date of issuance. The Company may pay finders' fees in connection with the Offering, subject to compliance with the rules of the TSX Venture Exchange (the "TSXV").

All securities issued in the Offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the Offering is subject to the approval of the TSXV.

The net proceeds from the Offering will be used to fund exploration work on Handa Copper's exploration licenses in the Republic of Congo (RoC) and as general working capital.

The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available.

About Handa Copper Corporation

The geological parallels between the RoC and the Central African Copperbelt (CACB), the world's richest copper province, have been recognized since the 1930s. However, sustained modern exploration has never been carried out on the former.

Previously undisclosed archival records acquired by the Company, which included more than 10,000 stream sediment and soil samples, confirm the potential for CACB-style copper deposits on the Company's exploration licenses in the RoC. In addition, new data from regional airborne magnetic surveys and geological mapping will assist the Company to effectively prioritize exploration targets for drilling in the second half of 2015.

FORWARD-LOOKING STATEMENTS

This release may contain 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. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.

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

Contact Information

  • Handa Copper Corporation
    Marek Kreczmer
    CEO
    (604) 601-6926
    marek@handacopper.com

    Handa Copper Corporation
    Jon Stacey
    President
    +260 966 206 525
    Lusaka, Zambia