|Handa Copper Corporation
TSX VENTURE : HEC
August 22, 2016 20:00 ET
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 22, 2016) – Further to its news release of July 29, 2016, Handa Copper Corporation (“Handa Copper” or the “Company“) (TSX VENTURE:HEC) announces that its previously announced shares for debt transaction has been approved by the TSX Venture Exchange and an aggregate of 130,000 common shares (“Common Shares”) of the Company at a deemed price of $0.05 per Common Share have been issued to a certain service provider. With the issuance of the Common Shares pursuant to the shares for debt application, the debt owing to such service provider, in the amount of $6,500.00 has been fully extinguished.
The Common Shares issued pursuant to this transaction are subject to a hold period of 4 months and one day from the date of issuance.
About Handa Copper Corporation
Handa Copper is actively pursuing the exploration and development potential of a highly significant copper discovery in the Republic of Congo. The geological parallels between the West Congolian Belt and the Central African Copperbelt (CACB), the world’s richest copper province, have been recognized since the 1930s. However, sustained modern exploration has never been carried out on the former until now.
Previously undisclosed archival records acquired by the Company, which included more than 10,000 stream sediment and soil samples, confirm the potential for CACB-style copper deposits on the Company’s exploration licenses in the RoC. In addition, new data detailed soil sampling and geological mapping will assist the Company to effectively prioritize exploration targets for drilling.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.