Peterson Law acts for Superior Copper Corporation as it Closes its $3,475,875 Private Placement
On July 24, 2014, Superior Copper Corporation (“Superior Copper”) closed a non-brokered private placement of 13,881,500 hard-dollar units (“HD Units”) at a price of $0.15 per HD Unit, and 9,291,000 flow-through shares at a price of $0.10 per flow-through share for aggregate gross proceeds of $3,475,875. Each HD Unit is comprised of one common share and one-half common share purchase warrant. Each whole such warrant entitles the holder to purchase one additional common share of Superior Copper at a price of $0.20 until July 24, 2016.
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