Infinitum Announces Non-Brokered Private Placement

Executive Summary

• Infinitum Copper Corp. announced a non‑brokered private placement of up to 14 million units at $0.18 per unit, targeting gross proceeds of up to $2.52 million.
• Each unit consists of one common share and one warrant allowing purchase of an additional share at $0.20 for 60 months.
• Net proceeds are earmarked to advance the company’s property pipeline, cover general administrative expenses, and provide working capital.

Key Details

• Units Offered: Up to 14,000,000 units.
• Pricing: $0.18 per unit; total potential gross proceeds of $2,520,000.
• Unit Composition: 1 common share + 1 warrant (exercise price $0.20, exercisable for 60 months from issuance).
• Finders’ Fees: May be payable in connection with the placement.
• Regulatory Conditions: Subject to TSX Venture Exchange approval; securities will have a statutory hold period of four months and one day post‑closing.
• Use of Proceeds: Advance and evaluate a pipeline of copper properties, fund general administrative expenses, and provide working capital.
• Related Party Participation: Certain directors/officers may participate; transaction exempt from MI 61‑101 valuation/minority approval thresholds (≤25% of market cap).
• U.S. Securities Law Disclaimer: Units not registered under the U.S. Securities Act; cannot be offered/sold in the U.S. absent exemption or registration.

Notable Quotes

(No direct quotes were provided in the release.)