Copper North Announces Non-Brokered Private Placement

Copper North Announces Non-Brokered Private Placement PR Newswire VANCOUVER, British Columbia, November 28, 2012 VANCOUVER, British Columbia, November 28, 2012 /PRNewswire/ -- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES Copper North Mining Corp. ("Copper North" or the "Company") (TSX.V: COL) is pleased to announce a non-brokered private placement (the "Private Placement") of up to 7,000,000 units of the Company (the "Units") at a price of $0.15 per Unit for aggregate gross proceeds of up to $1,050,000. Each Unit will consist of one common share in the capital of the Company ("Share") and one-half of a non-transferable common share purchase warrant (each whole such warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.20 for a period of 24 months from closing. Should the volume-weighted average trading price of the Shares equal or exceed $0.30 over a period of 20 consecutive trading days, the Company may accelerate the expiry date of the Warrants to the day which is 30 days after the notice of acceleration has been sent to the holders of the Warrants. The proceeds from the Private Placement will be used for permitting activities relating to the Company's wholly-owned Carmacks Copper Project and for working capital and general corporate purposes. Certain directors and officers of the Company may acquire securities under the Private Placement.