Consolidated Woodjam Copper Cancels Options and Closes Private Placement
December 23 2013 - 7:12PM
Access Wire
Vancouver, BC, December 23, 2013 - Consolidated
Woodjam Copper Corp. ("Woodjam Copper") (TSX-V: WCC) reports an aggregate of
2,437,500 incentive stock options issued to certain directors,
officers, consultants and employees of the Company have been
surrendered to the Company for cancellation effective December 23,
2013.
Woodjam Copper also
reports the non-brokered private placement financing announced on
December 11, 2013 has closed for gross proceeds of $112,000. The
Company issued 2,240,000 units at $0.05 per unit, with each unit
consisting of one common share and one share purchase warrant. Each
share purchase warrant attached to the units entitles the holder to
purchase one common share at a price of $0.07 until December 30,
2018. All the securities issued in the private placement are
subject to a four month hold period and may not be traded until
April 20, 2014.
On behalf of the board of directors
of Consolidated Woodjam Copper Corp.;
Donald D. Sharp
Donald D. Sharp, C.A.
Director & CFO
Consolidated
Woodjam Copper Corp.
Contact: Paul Way,
Business Development Manager
(604) 681-7913
Toll Free: 888-656-6611
pway@eastfieldgroup.com
About Consolidated
Woodjam Copper Corporation
Consolidated Woodjam Copper Corp. ("Woodjam
Copper") (TSX-V: WCC) trades on the TSX-V
exchange and currently owns a 49% interest in the Woodjam North and
Woodjam South properties which are under option to Gold Fields who
own a 51% interest and may earn a further 19% to total a 70%
interest in the properties. In 2012, Woodjam Copper published an
initial Southeast Zone NI 43-101 compliant inferred resource of
146.5 million tons grading 0.33% copper (pit constrained). This
resource was updated as of May 15, 2013 to 227.5 Mt grading 0.31%
copper. Visit the Company's website at: http://www.woodjamcopper.com
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