05:30:27 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Coppercorp Resources Inc
Symbol CPER
Shares Issued 66,225,365
Close 2023-12-13 C$ 0.09
Market Cap C$ 5,960,283
Recent Sedar Documents

Coppercorp increases private placement to $1.38-million

2023-12-18 11:22 ET - News Release

Mr. Stephen Swatton reports

COPPERCORP UPSIZES PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT

As a result of demand, Coppercorp Resources Inc. has increased the size of its previously announced non-brokered private placement of units. Coppercorp will now raise aggregate gross proceeds of up to $1,385,000 per the terms described in the company's Dec. 6, 2023, press release.

Coppercorp 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.

The private placement is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

Coppercorp may pay finders' fees under the offering, in accordance with applicable securities laws and the policies of the TSX-V. The securities issued under the offering 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 $4.4-million in working capital as of Nov. 30, 2023, and is exploring in locations that could host world-class-size copper-gold-REE (rare earth elements) deposits in western Tasmania, Australia.

We seek Safe Harbor.

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