COPPER GIANT ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS

Executive Summary

• Copper Giant Resources Corp. announced a non‑brokered private placement of up to 25 million units for aggregate gross proceeds of up to $10 million.
• Each unit is priced at $0.40 and consists of one common share plus half of a warrant (full warrant exercisable at C$0.60 per share for 36 months).
• Net proceeds are earmarked for working capital and general corporate purposes; the offering remains subject to TSX Venture Exchange approval.

Key Details

• Units Offered: 25,000,000 units @ $0.40 per unit → $10 million gross proceeds (maximum).
• Composition of Each Unit:
• 1 common share of Copper Giant.
• ½ warrant (two halves combine to form one full warrant).
• Warrant Terms: Full warrant exercisable at C$0.60 per share, valid for 36 months from closing date.
• Lead Order: Frank Giustra committed $2 million of the placement.
• Regulatory Conditions: Closing subject to TSX Venture Exchange approval; securities will be under a four‑month‑and‑one‑day statutory hold period.
• Finder’s Compensation: Company may pay cash finders’ fees and issue non‑transferable finder’s warrants to eligible parties.
• Use of Proceeds: Intended for working capital and general corporate purposes.

Notable Quotes

(No direct quotes were provided in the release.)