Copper Lake Raises Up to $5 Million for Marshall Lake Exploration

Copper Lake Resources Ltd. (TSXV: CPL) is planning to raise up to $5 million in a non-brokered private placement financing to advance its Marshall Lake exploration project.

The company will issue up to 33,333,333 units at $0.15 per unit for gross proceeds of up to $5,000,000. Each unit includes one common share and one warrant exercisable at $0.20 for 24 months from closing.

The warrants may expire earlier if the volume-weighted average share price exceeds $0.40 for 15 consecutive trading days, triggering a 30-day acceleration period once announced.

Closing of the proposed private placement is subject to obtaining all required approvals, including the approval of the TSX-V and any other regulatory approval.