Carube Copper Corp. (TSXV:CUC) announced a non-brokered private placement of up to 20,000,000 units at CAD 0.08 per unit for proceeds of CAD 1,600,000 on January 23, 2017. Each unit consists of one common share and one-half share purchase warrant.

Each whole warrant entitles the holder to acquire additional common share at CAD 0.15 per share for a period of two years from the closing date. The closing of the transaction is expected to occur on or before February 3, 2017. Finders may earn a cash commission of up to 7% of the gross proceeds raised by such finder and may receive finder warrants entitling the finder to purchase that number of units at CAD 0.08 per unit equal to 7% of the number of units sold by such finder.