Proposed Private Placement
Vancouver, BC, April 14, 2016 – Consolidated Woodjam Copper Corp. (“Woodjam Copper”) (TSX-V: WCC) is currently negotiating a brokered private placement agreement, subject to regulatory approval, for the sale of 1,000,000 units at a price of $0.20 per unit (each unit comprising three flow-through common shares, one non-flow-through common share and three warrants each for the purchase of one additional non-flow-through common share at a price of $0.08 per share for a term of three years from the date of closing of the private placement).
Total gross proceeds of the offering will be $200,000.
The company shall pay a commission of 300,000 common shares on behalf of the placement.
The proceeds of the offering shall be applied to exploration costs for the Woodjam property with the non-flow-through share balance applied to administration costs.
This offering is subject to approval of the TSX Venture Exchange.
On behalf of the board of directors of Consolidated Woodjam Copper Corp.;
Donald D. Sharp
Donald D. Sharp, C.A.
Director & CFO
Contact: Paul Way, Business Development Manager
(604) 681-7913
Toll Free: 888-656-6611
About Consolidated Woodjam Copper Corporation
Consolidated Woodjam Copper Corp. (“Woodjam Copper”) (TSX-V: WCC) trades on the TSX-V exchange and, based on its acquisition agreement with Gold Fields, owns a 100% interest in the Woodjam North and Woodjam South projects in British Columbia. Visit the Company’s website at: http://www.woodjamcopper.com
