VICTORIA, Oct. 7, 2019 /CNW/ - Howard James Coyne announces that following his
purchase of 41,000 common shares of Copper North Mining Corp on
29th December 2017 at $0.075 for a total purchase price of CAD 3,075 through the facilities of the TSX
Venture Exchange he had direct and controlled holdings of 7,087,404
Common Shares and 775,000 warrants. This holding represented 9.04%
and 10.03% of the common shares of the Issuer respectively based on
the 78,357,973 then outstanding.
Subsequent to this date through two controlled companies a
series of individual market trades were executed between
10th January 2018 and 9th April 2019 at between $0.09 and $0.035
representing in aggregate 5,335,980 common shares
As a result of these transactions he directly or indirectly
holds 12,423,384 Common shares of the Issuer and 775,000 warrants,
representing approximately 14.5% pre and 15.4% post exercise of the
85,900,413 issued and outstanding common shares.
As a result of inadvertence on the part of Mr Howard Coyne and due to unfamiliarity with
Canadian securities laws, news releases and early warning reports
required by applicable securities legislation to be filed for the
above, were not undertaken at the time.
Howard Coyne has acquired the
Common Shares of the Issuer for investment purposes and may,
depending on market and other conditions, increase or decrease his
beneficial ownership, control or direction over the Common Shares
or other securities of Copper North Mining Corp, through market
transactions, private agreements, exercise of convertible
securities or otherwise.
An early warning report reflecting the above-noted acquisitions
of Common shares has now been filed, a copy of which has been sent
to the company and is available on SEDAR at www.sedar.com.
In accordance with applicable securities legislation, Mr
Howard James Coyne has filed insider
trading reports via the System for Electronic Disclosure by
Insiders (SEDI) for all transactions involving Common Shares during
the period in which he has been an insider of the company.
For further information regarding this news release and to
request a copy of the early warning report, please contact
Howard Coyne at 14 Macdonald Road,
Whitehorse, Y1A 4L2.
Copper North Mining Corp is listed on the TSX Ventures Exchange
("COL") and has its head office at Suite 112-1095 West Pender
Street, Vancouver, British
Columbia V6E 2M6.
SOURCE Copper North Mining Corp.