Northwire Canada EditionThursday, November 12, 2026
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Gold 3,886.20 −2.9% Silver 50.03 −3.8% Copper 6.19 −1.5% Oil 88.86 +2.7% Palladium 994.25 −5.0% TDG 0.740 +51.0% PRU 6.07 −3.6% NGEX 21.14 −4.7% TWO 0.370 +0.0% BIG 1.05 +10.5% VCG 1.10 +0.0% SCD 0.145 +0.0% GAL 0.370 −0.7% SAG 0.620 −6.1% VIZ 0.195 +0.0% SAGA 0.370 −7.5% ZEN 0.530 −3.6% GDP 0.230 +0.0% PDN 8.41 +0.0% FL 0.350 −2.8% RIO 2.62 −2.1% Gold 3,886.20 −2.9% Silver 50.03 −3.8% Copper 6.19 −1.5% Oil 88.86 +2.7% Palladium 994.25 −5.0% TDG 0.740 +51.0% PRU 6.07 −3.6% NGEX 21.14 −4.7% TWO 0.370 +0.0% BIG 1.05 +10.5% VCG 1.10 +0.0% SCD 0.145 +0.0% GAL 0.370 −0.7% SAG 0.620 −6.1% VIZ 0.195 +0.0% SAGA 0.370 −7.5% ZEN 0.530 −3.6% GDP 0.230 +0.0% PDN 8.41 +0.0% FL 0.350 −2.8% RIO 2.62 −2.1%
Financings

Copper Giant closes $12-million private placement

CGNT · Price

Executive Summary

  • Copper Giant Resources Corp. has closed its previously announced non-brokered private placement, raising aggregate gross proceeds of $12 million.
  • The company issued 30 million units at a price of $0.40 per unit, with net proceeds allocated for working capital and general corporate purposes.
  • The transaction involved significant insider participation (5.5 million units) and the payment of substantial finders' fees in both cash and non-transferable warrants.

Key Details

  • Gross Proceeds: $12,000,000.
  • Units Issued: 30,000,000 units.
  • Price Per Unit: $0.40.
  • Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
  • Warrant Terms: Each warrant is exercisable to acquire one common share at an exercise price of $0.60 per share.
  • Warrant Expiration: January 14, 2029.
  • Statutory Hold Period: Securities are subject to a hold period expiring on May 15, 2026.
  • Use of Proceeds: Working capital and general corporate purposes.
  • Finder’s Fees (Cash): Total aggregate cash fees of $585,450 paid to eligible parties, including:
    • Integrity Capital Group: $418,299
    • Red Cloud Securities Inc.: $99,060
    • Canaccord Genuity Corp.: $45,240
    • Haywood Securities Inc.: $19,431
    • Research Capital Corp.: $360
    • Ventum Financial Corp.: $3,060
  • Finder’s Warrants Issued: Total of 1,463,625 non-transferable finder warrants issued, including:
    • Integrity Capital Group: 1,215,975 warrants
    • Red Cloud Securities Inc.: 247,650 warrants
    • Finder Warrant Terms: Exercisable to purchase one common share at $0.60 per share until January 14, 2029.
  • Insider Participation: Insiders acquired an aggregate of 5,500,000 units.
  • Regulatory Status: The issuance to insiders is exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101. No change of control occurred.
  • Exchange Approval: The offering remains subject to final acceptance by the TSX Venture Exchange.
Read the original news release →

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