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VANCOUVER, British Columbia, July 07, 2017 -- Gianni Kovacevic of Suite 1500, 409 Granville Street, Vancouver, British Columbia, V6C 1T2 today announced that on June 29, 2017 he acquired 2,325,000 common shares (the “Common Shares”) of CopperBank Resources Corp. (“CopperBank”), a company with a head office at Suite 1500, 409 Granville Street, Vancouver, British Columbia, V6C 1T2. Mr. Kovacevic acquired 1,700,000 Common Shares by way of a private placement at a purchase price of CDN$0.12 per Common Share for an aggregate purchase price of CDN$204,000, and a further 625,000 Common Shares as part of a shares for debt transaction at a deemed price of $0.12 and an aggregate deemed acquisition price of CDN$75,000.
Prior to the acquisition, Mr. Kovacevic owned, directly or indirectly, or exercised control or direction over 15,425,800 Common Shares, 3,050,000 options to acquire Common Shares, and 2,912,000 Common Share purchase warrants. The 15,425,800 Common Shares represented approximately 9.1% of the total number of issued and outstanding Common Shares prior to the acquisition. If all of Mr. Kovacevic’s options and warrants were exercised, Mr. Kovacevic would have owned, directly or indirectly, or exercised control or direction over 12.2% of the issued and outstanding Common Shares.
After the completion of the acquisition, Mr. Kovacevic now owns, directly or indirectly, or exercises control or direction over 17,750,800 Common Shares, 3,050,000 options to acquire Common Shares, and 2,912,000 Common Share purchase warrants. The 17,750,800 Common Shares represent approximately 10.2% of the total issued and outstanding Common Shares. If all of Mr. Kovacevic’s options and warrants were exercised, Mr. Kovacevic would own, directly or indirectly, or exercise control or direction over, approximately 13.2% of the issued and outstanding Common Shares, resulting in an increase of 1.0%.
Mr. Kovacevic’s purchase was made for investment purposes. Mr. Kovacevic may, in the future, increase or decrease his beneficial ownership, control or direction over securities of CopperBank for investment purposes.
For more information, or to obtain a copy of the subject early warning report, please contact:
Gianni Kovacevic
Suite 1500, 409 Granville Street
Vancouver, British Columbia
V6C 1T2
Telephone: (604) 889-0852
Email: [email protected]
