POWELL RIVER, BC, Dec. 19, 2019 /CNW/ - David Robert Coyne announces that following his
acquisition of 2,486,817 common shares of Granite Creek Copper on
5th December 2019 at a deemed cost of
$0.06425 in a private transaction for
a total deemed purchase price of CAD
159,777.99 he had direct and indirect holdings of 4,577,967
Common Shares and 1,045,575 warrants. This holding represented 9.9%
and 11.9% (converted) of the common shares of the Issuer
respectively based on the 46,313,035 then outstanding.
Prior to the acquisition and treasury issuance of common shares,
Robert Coyne directly owned
2,091,150 common shares and 1,045,575 warrants representing 5.8%
and 8.5% (converted) of the 35,783,375 common shares of the Issuer
respectively.
Robert 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 Granite Creek Copper Ltd, through market
transactions, private agreements, exercise of convertible
securities or otherwise.
An early warning report reflecting the above-noted acquisition
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
David Robert Coyne has filed insider
trading reports via the System for Electronic Disclosure by
Insiders (SEDI) in respect of his becoming an insider of the Issuer
as of 5th December
2019.
Granite Creek Copper Ltd is listed on the TSX Venture Exchange
("GSX") and has its head office at Suite 904-409 Granville Street,
Vancouver, British Columbia V6C
1T2
SOURCE David Robert Coyne