/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, April 20 /CNW/ - Copper Ridge Explorations Inc. (TSXV: KRX) (the "Company") announces the close of the non-brokered private placement announced on April 4, 2011. A total of 3,085,000 units were issued at a price of $0.35 per unit for gross proceeds to the Company of $1,079,750. Each unit consists of one common share and one half of one non-transferable share purchase warrant. Each full warrant entitles the holder to purchase an additional common share at a price of $0.50 until April 19, 2012. Finders' fees totalling $9,625 were paid. All securities issued pursuant to this private placement are subject to a trading hold period until August 20, 2011.
The proceeds from this private placement will be used for exploration and development of the Company's mineral properties, and for general working capital purposes.
About Copper Ridge Explorations Inc.
Copper Ridge specializes in identifying, acquiring and developing quality precious metal enriched copper, lead and zinc mineral deposits in Yukon, Canada. Copper Ridge has a committed management team with extensive experience in the Yukon and a proven track record of building shareholder value in the junior equity market.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Copper Ridge's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Copper Ridge assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
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 referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended 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.
SOURCE Copper Ridge Explorations Inc.
For further information: Copper Ridge Explorations Inc., William M. Sheriff, Chairman: (604) 566-8181; Greg Dawson, President: (604) 566-8185