Lorraine Copper


Lorraine Copper Completes Private Placement

News Releases
September 09, 2009
Lorraine Copper Completes Private Placement
Lorraine Copper Corp. has received subscriptions for a non-brokered private placement agreement, subject to regulatory approval, for the sale of up to 2,165,000 units (each unit comprises one common share and one share purchase warrant) at a price of five cents per unit. Each warrant provides for the purchase of an additional common share at a price of 10 cents per share for five years from the date of regulatory approval. The shares issued pursuant to this private placement, and any warrants exercised therefrom, shall be subject to a four-month hold period.

Total gross proceeds of the offering will be $108,250. The proceeds of the offering shall be applied to general working capital.

The company shall pay no fees or commissions on behalf of the placement.

This offering is subject to approval of the TSX Venture Exchange.