Mr. Rick Gittleman reports
INTERRA COPPER ANNOUNCES PRIVATE PLACEMENT FINANCING
Interra Copper Corp. has arranged a non-brokered private placement of two million units of the company at a price of 20 cents per unit. Each unit shall consist of one common share in the capital of the company and one share purchase warrant, whereby each warrant shall be exercisable at 25 cents into an additional share for a period of 36 months from the date of issuance.
Proceeds from the sale of the units will be used for general working capital purposes and to commence activities on the Rip project acquisition. Closing of the private placement, subject to the receipt of all necessary regulatory and other approvals, is anticipated to occur prior to the end of September, 2023.
All securities issued pursuant to the private placement will be subject to a statutory hold period under applicable Canadian securities laws of four months and one day from the date of closing of the private placement.
We seek Safe Harbor.
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