VANCOUVER, June 1, 2012 /CNW/ - Copper North Mining Corp. ("Copper North" or the "Company") (TSX.V: COL) announces the closing of the Company's non-brokered, private placement of 6,000,000 common shares of the Company (the "Shares") at a price of $0.167 per Share for aggregate gross proceeds of $1,002,000 (the "Private Placement").
The securities issued under the Private Placement are subject to a hold period and may not be traded until October 2, 2012.
About Copper North
Copper North is a Canadian mineral exploration and development company. Copper North's assets include the Carmacks Copper Project located in the Yukon, and the high-grade, stratiform-copper Redstone Property, located in the Northwest Territories. Copper North trades on the TSX Venture Exchange under the symbol COL.
Please visit www.coppernorthmining.com.
On behalf of the Board of Directors:
"Sally L. Eyre"
Dr. Sally L. Eyre
President, CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Peter Oates, Manager, Investor Relations