19:00:54 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Interra Copper Corp (2)
Symbol IMCX
Shares Issued 24,330,600
Close 2023-12-06 C$ 0.275
Market Cap C$ 6,690,915
Recent Sedar Documents

Interra Copper arranges $882,005 private placement

2023-12-07 10:38 ET - News Release

Mr. Rick Gittleman reports

INTERRA COPPER ANNOUNCES FULLY SUBSCRIBED FLOW-THROUGH PRIVATE PLACEMENT FINANCING

Interra Copper Corp. intends to complete a fully subscribed non-brokered private placement of 3,041,397 flow-through shares of the company at a price of 29 cents per FT share for aggregate gross proceeds of $882,005. There are no warrants associated with this financing. Subject to the receipt of all necessary regulatory and other approvals, the company anticipates closing of the private placement to occur on or about Dec. 15, 2023.

"This raise of flow-through funds demonstrates a vote of confidence for our newly acquired Rip project and will allow us to significantly advance our exploration work and earn-in with ArcWest Resources in British Columbia," commented Interra chairman and chief executive officer Rick Gittleman.

Each FT share will constitute a flow-through share within the meaning of the Income Tax Act (Canada) and the gross proceeds of the private placement will be used by the company for exploration and related programs, which qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures, as such terms are defined in the tax act, in connection with Interra's projects in British Columbia. Subject to compliance with the policies of the Canadian Securities Exchange and applicable securities legislation, the company may pay finder's fees in connection with the private placement.

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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