Kombat Copper Inc. (TSX-V: KBT) (“Kombat Copper” or the “Company”) has completed its previously announced non-brokered private placement financing comprising 11,067,500 units at a purchase price of $0.08 per Unit for gross proceeds of $885,400 (the “Offering”).

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 before the date that is three years from the date of issue. If 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 which expires on September 18, 2016. Closing of the Offering remains subject to receipt of all necessary regulatory approvals, including final approval of the TSX Venture Exchange.

The proceeds from the Offering will be used for general working capital purposes. In connection with the closing of the Offering, the Company paid cash finder’s fees of $7,740.

Certain insiders of the Company have subscribed for Units pursuant to the Offering (the “Insider Participation”). The Insider Participation will be considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The Insider Participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

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