Monster Copper Corporation

Monster Copper Corporation

October 03, 2005 09:18 ET

Monster Copper to Raise up to CDN $1. 5 Million in Brokered Private Placement

RICHMOND HILL, ONTARIO--(CCNMatthews - Oct. 3, 2005) -


Monster Copper Corporation (the "Company") (TSX VENTURE:MNS) is pleased to announce that it has engaged Pacific International Securities Inc. and Canaccord Capital Corporation as agents (the "Agents") for the private placement, on a commercially reasonable efforts basis, of up to 3.35 million units (the "Units") at $0.45 per Unit, for gross proceeds of up to $1.507 million. In addition, the Company has granted the Agents an over allotment option exercisable at any time prior to closing to increase the size of the offering by up to 1.15 million Units for an aggregate size of 4.5 million Units. Each Unit shall consist of one common share and one half of one transferable common share purchase warrant, with each whole such warrant exercisable into one additional common share of the Company at an exercise price of $0.75 for a period of two years from closing.

The Agents will receive a cash commission of 8% of the gross proceeds raised in this offering, payable in cash or, in whole or in part, in Units of the Company. In addition, the Agents will receive compensation options equal in number to 10% of the number of Units sold. Each such option will entitle the Agents to purchase one common share at an exercise price of $0.55 for a period of two years from closing. Pacific International will receive a corporate finance fee of $15,000.

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

About Monster Copper Corporation

Monster Copper ( is dedicated to the discovery of world-class IOCG copper-gold-uranium deposits with an experienced IOCG exploration team. An IOCG area with recent discoveries of large copper-gold deposits is the Carajas Mineral Province in northern Brazil. Monster Copper has established itself in the Carajas by partnering with Noranda Exploracao Mineral Ltda. on the exploration of 10 separate mineral properties covering a combined area of 800 sq km. In addition to the Brazilian property portfolio, the Company has an agreement with Santoy Resources Ltd (TSX VENTURE:SAN) in which Santoy is actively exploring for uranium on the Company's 100% owned Bruce River and Mustang Lake properties located in the Central Mineral Belt of Labrador.


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 a 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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