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Alta Copper Corp
Symbol ATCU
Shares Issued 75,828,588
Close 2023-10-31 C$ 0.36
Market Cap C$ 27,298,292
Recent Sedar Documents

Alta Copper closes $1.03-million private placement

2023-11-01 13:57 ET - News Release

Ms. Joanne Freeze reports

ALTA COPPER ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Alta Copper Corp. has closed the previously announced non-brokered private placement.

A total of 2,068,290 common shares were issued at a price of 50 cents, reflecting a premium to market, for gross proceeds of $1,034,145. Common shares will be subject to a mandatory four-month-and-one-day hold period, in accordance with applicable securities law. No warrants were included in the private placement.

The company will use the proceeds of the private placement for working capital, continuing community initiatives in Peru as well as engineering work related to the optimized preliminary economic assessment targeted for publication by Q1 2024.

The private placement remains subject to the final approval of the Toronto Stock Exchange.

About Alta Copper Corp.

Alta Copper is focused on the development of its 100-per-cent-owned Canariaco advanced staged copper project. Canariaco comprises 97 square kilometres of highly prospective land located 150 km northeast of the city of Chiclayo, Peru, which include the Canariaco Norte deposit, Canariaco Sur deposit and Quebrada Verde prospect, all within a four km NE-SW (northeast-southwest) trend in northern Peru's prolific mining district. Canariaco is one of the largest copper deposits in the Americas not held by a major.

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