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TSX.V: Coco

Vancouver, British Columbia, September 16, 2022 /CNW/- Coast Copper Co., Ltd. (“Coast Copper” or “we”) (TSXV: COCO) announced that it is conducting an unbrokered private placement consisting of up to 8,000,000 units of the Company (“unit“) at the issue price of $0.05 Maximum total revenue per unit $400,000 (“Recruitment”).

Each unit consists of one common share of Coast Copper’s capital and one non-transferable common stock purchase warrant, giving the holder of each warrant the right to acquire additional shares of common stock of the Company at the exercise price. increase. $0.10 per share (“date of expiry“) 24 months after completion of the offering (“Closing date“. At any time after the Closing Date, the TSX Venture Exchange (“exchange“), or any other major exchange on which the common stock is listed, $0.20 During ten (10) consecutive trading days, the Company may, at its option, deliver notice to holders of warrants advancing the expiration date to thirty (30) days from the date of such notice (“accelerated motion periodConcurrent with such notice, the Company will also issue a press release disclosing the Accelerated Exercise Period. Unexercised Warrants will automatically expire at the end of the Accelerated Exercise Period.

The net proceeds from the unit issuance will be used for working capital and general corporate purposes.

Offerings are subject to customary closing conditions, including exchange approval. All securities issued in the offering are subject to a statutory holding period of four months and one day from the closing date.

This news release does not constitute an offer to sell or the solicitation of an offer to sell any securities. usaThis security has not been and will not be registered under the United States Securities Act of 1933, as amended (“U.S. Securities Law“) or state securities laws and may not be offered or sold within the period of: usa or to a U.S. person unless registered under the U.S. securities laws and applicable state securities laws or an exemption from such registration is available.

About Coast Copper Corp.

The focus of Coast Copper’s exploration is the optional Empire Mine Property on North Vancouver Island, British Columbia, which includes three historic open pit mines and two past mines that have produced iron, copper, gold and silver. of underground mines.Other Coast Copper assets include 100% owned Eldorado, the Gin and Bonanza properties in the Golden Triangle of northern British Columbia, the Red Kris Mine, the Nob Hill Northwest property in northern Vancouver Island, and the wholly owned Sterling, Sandy and Homebrew properties in central British Columbia. Adjacent to property. Coast Copper management continues to explore precious and base metal opportunities in the West. North America.

On behalf of the Board of Directors:

“Adam Travis”

Adam TravisChief Executive Officer and Director

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

Certain information contained in or incorporated by reference in this press release. with respect to proposed transactions, private placements, changes in the board of directors and management; regarding Our strategies, projects, plans or future financial or operating results constitute “forward-looking statements.” All statements other than statements of historical fact are considered forward-looking statements. Forward-looking statements, while believed by Coast Copper to be reasonable, are subject to a number of material business, economic, geological and competitive uncertainties and contingencies. Based on estimates and assumptions. Coast Copper believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, but such statements are not guarantees of future performance. Unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include fluctuations in market prices, successful exploration and development, continued availability of capital and funds, changes in national and local government laws, taxation, administration, regulation, expropriation or nationalization of property. , and general political and economic factors. , market or business conditions. Many of these uncertainties and unforeseen circumstances may affect our actual results, which may be expressed or implied in any forward-looking statements made by or on our behalf. It may differ significantly from what is presented. Readers are cautioned that forward-looking statements are not guarantees of future performance. Readers are therefore advised to rely on their own assessment of such uncertainties. All forward-looking statements made or incorporated by reference in this press release are qualified by these cautionary statements. We undertake no obligation to update any forward-looking statements.

SOURCE Coast Copper Corp.



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