Kombat Copper Inc. (TSX-V: KBT) (“Kombat Copper” or the “Company”) today announces that it has launched a non-brokered private placement financing (the “Offering”) of up to 13,750,000 units (the “Units”) at a purchase price of $0.08 per Unit for gross proceeds of up to $1.1 million.

Each Unit is comprised of one common share in the capital of Kombat Copper (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Share (a “Warrant Share”) at a price of $0.13 per Warrant Share at any time for before the date that is three years from the date of issue, subject to an acceleration provision whereby in the event that at any time after the expiry of the statutory hold period, the Shares trade at $0.30 or higher on the TSX Venture Exchange, on a volume weighted average basis for a period of 30 consecutive days, the Company shall have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise the acceleration right.

The securities underlying the Units, including the Shares and Warrants issued on closing, as well as the Warrant Shares issuable upon due exercise of the Warrants, will all be subject to a four month statutory hold period. Closing of the Offering is expected to occur on or about May 12, 2016 and remains subject to a number of conditions, including without limitation, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The Company will pay up to 5% finders’ fees in connection with the Offering.

The proceeds from the Offering will be used for general working capital purposes.

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