04:54:45 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Coppercorp Resources Inc
Symbol CPER
Shares Issued 66,225,365
Close 2023-12-04 C$ 0.09
Market Cap C$ 5,960,283
Recent Sedar Documents

Coppercorp arranges $1-million private placement

2023-12-06 10:08 ET - News Release

Mr. Stephen Swatton reports

COPPERCORP ANNOUNCES PRIVATE PLACEMENT

Coppercorp Resources Inc. has arranged a non-brokered private placement of up to 14,285,715 units of the company at a price of seven cents per unit for gross proceeds of up to $1-million.

Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of 12 cents for a period of two years from the closing of the private placement.

The company intends to use the net proceeds of the private placement for exploration drilling and development of the company's Razorback property, located in western Tasmania, Australia, and for general working capital and administrative purposes.

Coppercorp may pay finders' fees on some portion of the gross proceeds of the private placement to certain arm's-length parties who assist the company in introducing subscribers to the private placement. The private placement is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The securities issued under the private placement will be subject to a hold period under applicable securities laws in Canada, expiring four months and one day from the closing date of the private placement.

Members of the company's management team may participate in the private placement, including subscriptions from related parties of the company, as defined in Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The participation of management in the private placement is exempt from formal valuation and minority shareholder approval requirements, pursuant to exemptions contained in sections 5.5(c) and 5.7(1)(a) of MI 61-101.

About Coppercorp Resources Inc.

Coppercorp is a well-financed mineral exploration company with approximately $4.2-million in working capital as of Nov. 30, 2023, and is exploring in locations that could host world-class-size copper-gold-rare-earth-element deposits in western Tasmania, Australia.

We seek Safe Harbor.

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