Marimaca Copper gets commitments for $80M (Australian)

Executive Summary

• Marimaca Copper Corp. secured binding commitments for an $80 million Australian‑dollar brokered placement of 8,247,423 new CDI units at A$9.70 each.
• Net proceeds will fund exploration at the Pampa Medina project and Marimaca sulphide target, detailed design/engineering for the Marimaca oxide deposit (MOD), and general corporate purposes.
• The placement is expected to close around September 11, 2025, subject to regulatory approvals, and is supported by new institutional investors, enhancing ASX liquidity.

Key Details

• Placement Size: 8,247,423 CDI units at A$9.70 per unit → gross proceeds ≈ A$80 million (≈ C$72.08 million).
• Investor Demand: Strongly oversubscribed; attracted new institutional and sophisticated investors as well as existing shareholders.
• Use of Proceeds:
• Exploration drilling and work at the Pampa Medina project and Marimaca sulphide target.
• Detailed design, engineering, and related workstreams for the Marimaca oxide deposit (MOD).
• General corporate purposes.
• Regulatory Framework: CDIs issued under ASX Listing Rule 7.1 waiver; placement also requires Toronto Stock Exchange approval.
• Closing Timeline: Expected on or about September 11, 2025, subject to customary closing conditions and regulatory approvals.
• Lead Managers: Macquarie Capital (Australia) Ltd., Euroz Hartleys Ltd., and Beacon Securities Ltd. (joint lead managers).
• Co‑Manager: Canaccord Genuity (Australia) Ltd.

Notable Quotes

(No direct quotes were provided in the release.)