Canadian Copper accelerates expiry of 3.05 M warrants

Executive Summary

• Canadian Copper Inc. has elected to accelerate the expiry of its outstanding common share purchase warrants originally issued in December 2024.
• The acceleration is triggered because the company's share price met the threshold of a daily VWAP of 30 cents for 10 consecutive trading days.
• If fully exercised, the warrants will convert 3,056,637 shares, generating up to $687,743 in gross proceeds.

Key Details

• Warrant Acceleration: The expiry date for the 2024 warrants is accelerated to 5 p.m. Toronto time on November 21, 2025.
• Trigger Condition: The acceleration was permitted under the terms of the 2024 warrants because the daily volume-weighted average price (VWAP) of common shares on the Canadian Securities Exchange (CSE) equaled or exceeded 30 cents for 10 consecutive trading days leading up to October 21, 2025.
• Exercise Price: The warrants are exercisable at 22.5 cents per common share.
• Potential Dilution/Proceeds: Full exercise would result in the conversion of 3,056,637 warrants into common shares.
• Gross Proceeds: The company stands to receive up to $687,743 from the exercise of these warrants.
• Use of Proceeds: Funds will be used for the continued advancement of the Murray Brook project and the Caribou process complex.
• Expiration Terms: Any warrants remaining unexercised after the accelerated expiry date will expire and become void.

Notable Quotes

• "Both precious and base metal prices continue to advance while investor interest in hard assets in safe jurisdictions continues to grow. These trends, along with the timing of our Caribou complex transaction, have been reflected in our recent share price movement. This warrant capital is well timed as we advance our near-term development story in Bathurst, N.B., Canada." — Simon Quick, CEO