SPC SPC Nickel Corp

Superior Copper Corporation (TSX VENTURE:SPC) ("Superior Copper" or "the
Company") announces that its private placement offering of flow-through common
shares ("FT Shares") and hard-dollar units ("HD Units") first announced on July
14, 2014, has been oversubscribed. The offering has been increased by $1,225,875
to up to $3,475,875. It is anticipated that insiders of the Company and their
joint actors may subscribe for up to 27% of the securities pursuant to the
revised offering. 


The FT Shares and HD Units were offered at a price of $0.15. Each HD Unit will
be comprised of one common share and one-half common share purchase warrant,
with each whole warrant being exercisable for the purchase of one common share
at an exercise price of $0.20 for a period of 24 months following the closing
date of the offering. 


The securities issued pursuant to the Offering will be subject to a statutory
four month and one day hold period. 


The Offering is subject to the approval of the TSX Venture Exchange ("TSX-V")
and applicable securities regulatory authorities. The Company anticipates
closing as soon as practicable subject to receipt of all necessary regulatory
approvals.


Superior Copper Corporation 

Superior Copper Corporation is a Canadian-based exploration company focused on
base and precious metal exploration. The Company's primary objective is to
target highly prospective and underexplored mineral properties, particularly
copper, in order to meet the continual global demand. Its primary land position
is its 100%-owned Superior Project, which covers 15,789 hectares or 158 square
kilometers, and is located approximately 85 km north of Sault Ste. Marie,
Ontario. Superior Copper's property has the potential to host an Iron Oxide
Copper Gold ("IOCG") deposit. The Company has identified a large geophysical
magnetic high with coincident gravity anomalies, copper-bearing hematitic
breccias, as well as IOCG-type alteration patterns throughout the property,
which is located on the Proterozoic Mid-continental Rift.


CAUTIONARY STATEMENT: Neither the TSX-V nor its Regulation Services Provider (as
that term is defined in the policies of the TSX-V) accepts responsibility for
the adequacy or accuracy of this release. This News Release includes certain
"forward-looking statements". These statements are based on information
currently available to the Company and the Company provides no assurance that
actual results will meet management's expectations. Forward-looking statements
include estimates and statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company or
management expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as "believes", "anticipates",
"expects", "estimates", "may", "could", "would", "will", or "plan". Since
forward-looking statements are based on assumptions and address future events
and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results relating to, among other things, use of proceeds
from the Offering, results of exploration, project development, reclamation and
capital costs of the Company's mineral properties, and the Company's financial
condition and prospects, could differ materially from those currently
anticipated in such statements for many reasons such as: changes in general
economic conditions and conditions in the financial markets; changes in demand
and prices for minerals; litigation, legislative, environmental and other
judicial, regulatory, political and competitive developments; technological and
operational difficulties encountered in connection with the activities of the
Company; and other matters discussed in this news release. This list is not
exhaustive of the factors that may affect any of the Company's forward-looking
statements. These and other factors should be considered carefully and readers
should not place undue reliance on the Company's forward-looking statements. The
Company does not undertake to update any forward-looking statement that may be
made from time to time by the Company or on its behalf, except in accordance
with applicable securities laws. Please see our public filings at www.sedar.com
for further information.


Shares Outstanding: 138,456,284

FOR FURTHER INFORMATION PLEASE CONTACT: 
Superior Copper Corporation
John Tait
President and Chief Executive Officer
416-628-5905
jtait@superiorcopper.ca
www.superiorcopper.ca

SPC Nickel (TSXV:SPC)
Historical Stock Chart
From Nov 2024 to Dec 2024

SPC Nickel (TSXV:SPC)
Historical Stock Chart
From Dec 2023 to Dec 2024