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shawnly · 03-16-2011, 03:57 PM

CUU

"COPPER FOX ANNOUNCES THE CLOSING OF A $3,750,000 NON BROKERED PRIVATE PLACEMENT FLOW-THROUGH OFFERING
Mar. 16, 2011 (Canada NewsWire Group) --
VANCOUVER, March 16 /CNW/ - Mr. Elmer Stewart, President and CEO of Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSXV: CUU) announced today that the Company has completed a non-brokered private placement financing of $3,750,000 CDN in funds (the "Offering").

Details of the Offering

The Offering raised gross proceeds of $3,750,000 from the issuance of 3,000,000 flow-through units at a price of $1.25. Each unit consisted of one flow through common share and one half of a non flow-through purchase warrant. One full purchase warrant plus $1.50 entitles the holder to purchase a Copper Fox common share until expiry on December 31, 2011. In the event Copper Fox trades above $1.65 for ten (10) consecutive days, the purchase warrants, if unexercised, will expire 30 days thereafter.

The company paid commission/finder's fees totaling $243,750.00 and issued 195,000 non-transferrable warrants to Burgeonvest-Bick Securities Limited, a financial services group headquartered in Toronto. Each non-transferrable warrant entitles the holder to purchase one non flow-through common share at a purchase price of $1.25 until March 16, 2012.

In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of completion of the Offering.

Funds generated from this financing will be used to advance the feasibility study and include drilling programs, metallurgical testing and engineering studies associated with the development of the Schaft Creek Giant Porphyry Deposit."

03-16-2011, 03:57 PM	#3525
shawnly Guest Join Date: Oct 2010 Location: Vancouver Posts: 148 Thanked 6 Times in 6 Posts Failed 16 Times in 3 Posts	CUU "COPPER FOX ANNOUNCES THE CLOSING OF A $3,750,000 NON BROKERED PRIVATE PLACEMENT FLOW-THROUGH OFFERING Mar. 16, 2011 (Canada NewsWire Group) -- VANCOUVER, March 16 /CNW/ - Mr. Elmer Stewart, President and CEO of Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSXV: CUU) announced today that the Company has completed a non-brokered private placement financing of $3,750,000 CDN in funds (the "Offering"). Details of the Offering The Offering raised gross proceeds of $3,750,000 from the issuance of 3,000,000 flow-through units at a price of $1.25. Each unit consisted of one flow through common share and one half of a non flow-through purchase warrant. One full purchase warrant plus $1.50 entitles the holder to purchase a Copper Fox common share until expiry on December 31, 2011. In the event Copper Fox trades above $1.65 for ten (10) consecutive days, the purchase warrants, if unexercised, will expire 30 days thereafter. The company paid commission/finder's fees totaling $243,750.00 and issued 195,000 non-transferrable warrants to Burgeonvest-Bick Securities Limited, a financial services group headquartered in Toronto. Each non-transferrable warrant entitles the holder to purchase one non flow-through common share at a purchase price of $1.25 until March 16, 2012. In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of completion of the Offering. Funds generated from this financing will be used to advance the feasibility study and include drilling programs, metallurgical testing and engineering studies associated with the development of the Schaft Creek Giant Porphyry Deposit."