King Copper arranges $15-million private placement

Executive Summary

• King Copper Discovery Corp. announced a non‑brokered private placement for up to 65,217,392 common shares at C$0.23 per share, targeting gross proceeds of up to $15 million.
• Proceeds will fully fund a 15,000‑metre diamond‑drilling program at the flagship Colquemayo copper‑gold project and provide working capital.
• A strategic investor will close with an approximate 9.99% undiluted ownership stake and will receive board nomination rights and participation rights in future financings under an Investor Rights Agreement.

Key Details

• Placement Size: Up to 65,217,392 common shares.
• Price per Share: C$0.23.
• Gross Proceeds Target: Up to $15 million.
• Strategic Investor Ownership: Expected ~9.99% undiluted ownership (partially diluted basis up to 9.99%).
• Use of Proceeds: Advance exploration – specifically diamond drilling on the Colquemayo copper‑gold project; also for general working capital.
• Drilling Program Funding: Financing fully covers a planned 15,000‑metre drill program along the 12‑km mineralized corridor at Colquemayo.
• Closing Date: Expected September 17, 2025.
• Investor Rights Agreement: Grants investor (i) right to participate in future equity financings to maintain pro‑rata ownership or acquire up to a 9.99% stake; (ii) right to nominate one director (or two if board expands to ≥8 directors). Investor has no current intention to exercise nomination right.
• Regulatory Conditions: Closing subject to TSX Venture Exchange approval and other customary conditions; securities will be subject to a statutory four‑month hold period.
• Advisors & Fees: Eventus Capital Corp. appointed as financing advisor; finders’ fees may be payable.
• Qualified Person: Dr. Rohan Wolfe, MAIG, reviewed all technical information per NI 43‑101.

Notable Quotes

“We are excited to add the strategic investor as a major shareholder of the company. This financing results in King Copper being fully financed for a 15,000‑metre drill program, which will allow the company to advance exploration at the Colquemayo copper‑gold project along the 12‑kilometre mineralized corridor.” – Jonathan Richards, CEO, King Copper Discovery Corp.