Monster Copper Corporation

Monster Copper Corporation

August 14, 2006 14:29 ET

Monster Copper Corporation: Private Placement

RICHMOND HILL, ONTARIO--(CCNMatthews - Aug. 14, 2006) -


Monster Copper Corporation (TSX VENTURE:MNS) (the "Company") wishes to announce that it has arranged a non-brokered flow through private placement of up to 857,000 units at a price of 35 cents per unit for total gross proceeds of up to $300,000. Each unit comprises one flow-through common share and one non-transferable flow through share purchase warrant, with each warrant exercisable into one flow through common share at a price of 50 cents per share for a period of 18 months commencing January 1, 2007. Proceeds of the placement will be used for Canadian Exploration Expenses and renounced for the 2006 taxation year.

Finder's fees and finder's warrants may be paid on all or a portion of this private placement. Finder's fees will be equal to 8 per cent of the dollar amount attributed to a finder and will be paid, at the election of the finder, in cash or non flow through units at a deemed price of $0.35 per unit, with each such unit comprised of one non-flow through common share and one share purchase warrant with each such warrant exercisable into one non-flow through common share at a price of 50 cents for a period of 18 months from the closing date. Finder's warrants will be equal in number to 10 per cent of the number of units attributed to a finder, and will allow the holder to acquire one common share of the Company at an exercise price of 55 cents for a period of 18 months from the closing date.

The private placement is subject to TSX Venture Exchange acceptance for filing and required regulatory approvals.


Michael J. Downes, President, C.E.O. and Director

This news release does not constitute an offer to sell or a solicitation of an offer to sell 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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