Marimaca Copper gets commitments for $80M (Australian)

An anonymous director reports MARIMACA COPPER COMPLETES A$80,000,000 BOOKBUILD Marimaca Copper Corp. has secured binding commitments for a brokered placement in Australia and select other jurisdictions, excluding Canada, of 8,247,423 new chess depositary interests (CDI) of the company at a price of $9.70 (Australian) per CDI for gross proceeds of approximately $80-million (Australian), or approximately $72.08-million (Canadian). The placement was strongly supported by both new institutional and sophisticated investors and existing shareholders, with demand for the placement significantly exceeding the targeted quantum. The company is pleased to welcome new institutional shareholders to its register and looks forward to the increased Australian Securities Exchange liquidity expected to result from the placement. Net proceeds from the Placement will be used for exploration at the Pampa Medina project and Marimaca sulphide target, detailed design and engineering and project related workstreams at the Marimaca oxide deposit (MOD), and for general corporate purposes. The CDIs will be issued pursuant to the ASX Listing Rule 7.1 waiver granted to Marimaca. Completion of the placement is expected on or about Sept. 11, 2025, and is subject to certain closing conditions, including but not limited to the receipt of all necessary regulatory and other approvals, including the approval of the Toronto Stock Exchange. Macquarie Capital (Australia) Ltd., Euroz Hartleys Ltd. and Beacon Securities Ltd. are acting as joint lead managers in respect to the placement. Canaccord Genuity (Australia) Ltd. is acting as a co-manager in respect to the placement. About Marimaca Copper Corp. Marimaca is a copper exploration and development company focused on its 100-per-cent-owned flagship Marimaca copper project and surrounding exploration properties located in Antofagasta region, Chile. The Marimaca copper project hosts the Marimaca oxide deposit. We seek Safe Harbor.