Key Developments: Superior Copper Corp (SPC.V)

SPC.V on TSX Venture Exchange

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20 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Superior Copper Corp completes $3,475,875 non brokered private placement
Thursday, 24 Jul 2014 07:48pm EDT 

Superior Copper Corp:Says that it has completed the non brokered private placement financing announced on July 14, 2014, and updated on July 18, 2014.Says a total of 13,881,500 hard-dollar units were sold at $0.15 per HD Unit, and 9,291,000 flow-through shares were sold at $0.15 per FT Share for aggregate gross proceeds of $3,475,875.Says each HD Unit is comprised of one common share and one-half common share purchase warrant, with each HD Warrant being exercisable for one common share of the Corporation at an exercise price of $0.20 until July 24, 2016.Says superior Copper intends to use the proceeds of the Offering for exploration, property acquisition, and general working capital purposes.Says it will ensure that the proceeds received from the amount allocated to the FT Shares sold will be used to incur expenses which qualify as Canadian Exploration Expenses for purposes of the Income Tax Act.  Full Article

Superior Copper Corp completes non-brokered private placement
Thursday, 24 Jul 2014 03:59pm EDT 

Superior Copper Corp:Completes non-brokered private placement financing announced on July 14, 2014, and updated on July 18, 2014.Total of 13,881,500 hard-dollar units (HD Units) were sold at $0.15 per HD Unit, and 9,291,000 flow-through shares (FT Shares) were sold at $0.15 per FT Share for aggregate gross proceeds of $3,475,875.Intends to use proceeds of Offering for exploration, property acquisition, and general working capital purposes.Company will ensure that proceeds received from amount allocated to FT Shares sold will be used to incur expenses, and will such expenses with effective date of no later than Dec. 31.  Full Article

Superior Copper Corp announces oversubscription and increase of previously announced non-brokered private placement
Friday, 18 Jul 2014 07:45am EDT 

Superior Copper Corp:Says private placement offering of flow-through common shares (FT Shares) and hard-dollar units (HD Units) first announced on July 14, 2014, has been oversubscribed.Offering has been increased by $1,225,875 to up to $3,475,875.It is anticipated that insiders of company and their joint actors may subscribe for up to 27 pct of securities pursuant to the revised offering.  Full Article

Superior Copper Corp announces $2,250,000 non-brokered private placement
Monday, 14 Jul 2014 11:45am EDT 

Superior Copper Corp:Intends to complete non-brokered private placement financing of hard dollar units (HD Units) at price of $0.15 per HD Unit, and flow-through common shares (FT Shares) at a price of $0.15 per FT Share, for gross proceeds of up to $2,250,000.Each HD Unit will be comprised of one common share (Common Share) and one-half common share purchase warrant (HD Warrant).Says with each HD Warrant being exercisable for one common share of corporation at exercise price of $0.20 for a period of 24 months following the closing date of the Offering.Says use of proceeds will be to further develop and explore Superior Project, Batchawana Bay, Ontario.A second drill rig will be active on the property as soon as possible.  Full Article

Superior Copper announces $3,250,000 non-brokered private placement
Wednesday, 23 Apr 2014 11:59am EDT 

Superior Copper Corp:Completes non-brokered private placement financing of hard dollar units at a price of $0.10 per HD Unit, and flow-through common shares at a price of $0.10 per FT Share, for gross proceeds of up to $3,250,000.Proceeds of the Offering will be used for exploration and general working capital purposes.  Full Article

Northfield Capital Corp acquires securities of Superior Copper Corporation
Monday, 27 Jan 2014 02:58pm EST 

Northfield Capital Corp:Says it has acquired ownership and control of an aggregate of 7,000,000 common shares and 7,000,000 share purchase warrants (the Warrants) of Superior Copper Corporation, at a cost of $0.05 per unit (Unit), with each Unit consisting of one Subject Share and one Warrant.Says the Subject Shares and Warrants were acquired by Northfield through a private placement on Jan. 24, 2014, and represent about 6.9 pct of the issued and outstanding common shares of the company as of Jan. 24, 2014.Says upon completion of the transaction described above, Northfield owns and controls an aggregate of 10,728,000 common shares of the company.Says the Warrants entitling Northfield to acquire an additional 7,000,000 common shares of the company, representing about 10.6 pct of the issued and outstanding common shares of the company as of Jan. 24, 2014.Says upon completion of the transaction described above, Northfield, together with its joint actor, Robert Cudney, own and control an aggregate of 11,928,000 common shares of the company.Says convertible securities entitling Northfield and its joint actor to acquire an additional 9,000,000 common shares of the company representing about 11.7 pct of the issued and outstanding common shares of the company as of Jan. 24, 2014.  Full Article

Superior Copper Corp closes $1 mln non-brokered private placement
Friday, 24 Jan 2014 03:52pm EST 

Superior Copper Corp:Says it has completed the non-brokered private placement financing announced on Dec. 17, 2013.A total of 20,000,000 units ("Units") were sold at a price of $0.05 per Unit for gross proceeds of $1,000,000.Says each Unit is comprised of one common share and one common share purchase warrant ("Warrant"), with each Warrant being exercisable for one common share of the Company at an exercise price of $0.06 until Jan. 24, 2016.Says in connection with the Offering, 1,200,000 Units were issued as finder's fees to an eligible finder.  Full Article

Superior Copper Corp announces changes to management and board of directors and full subscription of private placement
Monday, 20 Jan 2014 02:01pm EST 

Superior Copper Corp:Says John Tait, who has agreed to join as President and Chief Executive Officer.Says Michael Leskovec, has agreed to join as Chief Financial Officer (CFO) and Secretary.Says in connection with the proposed management changes, Judy Baker will resign as CEO and director.Says Brian Howlett will resign as President and CFO, and will continue as a director.Says it also announces that the private placement of units (Units) for gross proceeds of $1,00,000 (the Offering) previously announced on Dec. 17, 2013, is fully subscribed.Says each Unit consists of one common share.Says each Warrant entitles the holder to purchase one Share for $0.06 for a period of 24 months following closing of the Offering.Says closing is expected after the shareholder approvals described in this press release are obtained.Says pursuant to the Offering, Northfield will acquire a total of 7,000,000 Units.  Full Article

Superior Copper Corp terminates net smelter royalty on coppercorp project
Friday, 20 Dec 2013 02:00pm EST 

Superior Copper Corp:Says that it has bought back a 1.5% net smelter royalty (the NSR) that was previously applicable to certain mineral claims on its flagship Coppercorp Project.Says it has paid $36,000 in cash and issued 450,000 shares in return for the repurchase and extinguishment of the company's obligations under the NSR.Completes acquisition of First Minerals Exploration Limited's 50% interest in certain claims at the Coppercorp Property.Says it has retains a 100% interest in the 101 unpatented mining claims constituting the Coppercorp Property.  Full Article

Superior Copper Corp announces buy-out of joint venture partner & C$1.0 mln non-brokered private placement
Tuesday, 17 Dec 2013 02:12pm EST 

Superior Copper Corp:Says it proposes to acquire from First Mineral Exploration Ltd the remaining 50 pct interest in the Coppercorp Project.Says as a part of consideration it issues 6,956,044 mln shares with one third issued upon closing and one third issued on each of the first and second anniversaries of closing.Says it will pay C$100,000 cash to FMEL upon closing and pay a sum of cash equal to 2 pct of exploration expenses incurred in the next seventeen months after closing to a maximum of C$25,000.Says it intends to complete a non-brokered private placement financing of up to 20.0 mln units at a price of C$0.05 per Unit for gross proceeds of up to C$1.0 mln.Says the proceeds of the Offering will be used to fund the repayment of a promissory note, for exploration, property acquisition, and general working capital purposes.  Full Article

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