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Private Placements For Proceeds Of $690,325

Appoints Advisor to Board

 

Universal Copper Ltd. (UNV.V)  has closed its private placements of Non Flow Through Units and Flow Through Units, receiving subscriptions for aggregate gross proceeds of $690,325.

In the private placement, UNV sold 6,005,000 NFT Units at a price of $0.065 per NFT Unit for gross proceeds of $390,325 and 4,000,000 FT Units at a price of $0.075 per FT Unit for gross proceeds of $300,000 for aggregate gross proceeds of $690,325.

 appointed Andres Trivino to the advisory board of the company.

Clive Massey, president and chief executive officer of Universal, stated, "We are honoured to welcome Mr. Trivino to our team and feel he will be an integral part in assisting us in advancing our Colombian copper projects."

Mr. Trivino is fluent in three languages and is the president of the Canada Colombia Chamber of Investment and Trade where he offers an independent voice to promote investment and trade between the two countries.

Mr. Trivino is also a partner at Maven Investments International, a strategic and financial advisory firm with clients in Canada and Latin America.

With more than 21 years of professional experience, Mr. Trivino worked for Price Waterhouse Coopers Canada (PwC) for over 12 years advising corporations in Canada, the United States, Colombia, Brazil, Mexico, Venezuela, Cuba and the Dominican Republic. As part of the PwC Latin American group and the deals and consulting group, he advised companies in strategy, corporate finance, corporate restructuring, mergers and acquisitions, and business valuations. His experience encompasses mining, energy, Infrastructure, technology, financial services, telecom and entertainment.

Prior to joining PwC, Mr. Trivino worked with ABN AMRO Bank as a corporate finance analyst. He also worked with BP Amoco PLC as a commercial adviser to the project finance and infrastructure group.

"I am thrilled to be working with such an exceptional team and look forward to supporting Universal in advancing its copper district in Colombia," stated Mr. Trivino.

http://www.universalcopper.com/