12:15:42 EDT Tue 18 Jun 2024
Enter Symbol
or Name

Login ID:
Alta Copper Corp
Symbol ATCU
Shares Issued 77,896,878
Close 2023-12-19 C$ 0.36
Market Cap C$ 28,042,876
Recent Sedar Documents

Alta Copper closes $3.12-million private placement

2023-12-20 12:39 ET - News Release

Ms. Joanne Freeze reports


Alta Copper Corp. has closed the previously announced non-brokered private placement with Nascent Exploration Pty. Ltd., a wholly owned subsidiary of Fortescue Metals Group Ltd.

A total of 6,255,942 common shares were issued at a price of 50 cents, reflecting a premium to market, for gross proceeds of $3,127,971. The 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. As a result of the private placement Fortescue Metals holds a 30.96-per-cent shareholder interest in Alta Copper.

The company will use the proceeds of the private placement to continue to advance its 100-per-cent-owned its advanced-staged Canariaco copper project.

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 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.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.