Copper Lake Resources Secures C$1 Million in Debenture Financing
Copper Lake Resources Ltd. is launching a non-brokered private placement expected to yield C$1 million. This financing will bolster exploration at the Marshall Lake project and support corporate obligations.
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Copper Lake Resources Ltd. plans to raise up to C$1 million through a non-brokered private placement, with each unit priced at C$1,000, consisting of a secured debenture and common share purchase warrants. The debentures will mature in 12 months, bearing a 15% interest, and will be secured by a general security interest over the company's assets.
Proceeds will be used for advancing exploration at the Marshall Lake project and for working capital. The offering is subject to TSXV approval and is anticipated to close around July 20, 2026. The Marshall Lake project covers approximately 220 square km and includes high-grade VMS deposits, while the Norton Lake property has an updated mineral resource totaling 1,795,000 tonnes at various grades of nickel and copper.
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