Kombat Copper Inc. (TSXV:KBT) announced a private placement of 3,000,000 units at CAD 0.10 per unit for gross proceeds of CAD 300,000 on January 2, 2014. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.20 per share for a period of three years from the date of issue, subject to an acceleration provision.

The securities issued are subject to a hold period of four months and one day. The transaction is subject to a number of conditions, including approval of TSX Venture Exchange.