By Devika Patel
Knoxville, Tenn., June 15 - Canyon Copper Corp. announced a C$1.25 million private placement of stock.
The company will sell common shares at $0.04 per share.
Proceeds will be used will be used to retire debt and for general corporate purposes.
Located in Vancouver, B.C., Canyon Copper is a mineral exploration company.
| Issuer: | Canyon Copper Corp.
|
| Issue: | Common shares
|
| Amount: | C$1.25 million
|
| Price: | $0.04
|
| Warrants: | No
|
| Pricing date: | June 15
|
| Stock symbol: | OTCBB: CNYC
|
| Stock price: | $0.10 at close June 15
|
| Market capitalization: | $7.69 million
|
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