Kombat Copper Inc Closes Subscription Receipt Financing
Kombat Copper Inc announced that, further to its press releases dated July 29, 2013 and October 3, 2013, it has completed the first tranche of its private placement financing of subscription receipts. The first tranche closing consisted of 29,037,000 subscription receipts at a purchase price of $0.10 per Subscription Receipt for gross proceeds of $2,903,700. The proceeds have been placed in escrow pending satisfaction of certain conditions, as set out below. At such time, each Subscription Receipt will be automatically exercisable into one unit.
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