COPPER GIANT ANNOUNCES UPSIZE OF NON-BROKERED PRIVATE PLACEMENT OF UNITS TO $12M

Executive Summary

• Copper Giant Resources Corp. has upsized its previously announced non-brokered private placement of units from $10 million to $12 million.
• The offering consists of 30,000,000 units priced at $0.40 per unit, generating gross proceeds of $12,000,000.
• Proceeds are intended for working capital and general corporate purposes, subject to TSX Venture Exchange approval.

Key Details

• Transaction Structure: Non-brokered private placement of units.
• Quantity: 30,000,000 Units.
• Price: $0.40 per Unit.
• Gross Proceeds: $12,000,000.
• Unit Composition: Each Unit consists of one common share and one-half of one warrant (each full warrant exercisable for one share).
• Warrant Terms:
  • Exercise Price: C$0.60 per share.
  • Duration: 36 months from the closing date.
• Use of Proceeds: Working capital and general corporate purposes.
• Regulatory Status: Completion is subject to approval by the TSX Venture Exchange.
• Hold Period: All securities issued are subject to a four-month-and-one-day statutory hold period.
• Fees: The Company intends to pay finders' fees in cash to eligible parties and may issue non-transferable finders' warrants.

Notable Quotes

• No direct quotes from the CEO or President were included in the text of this release.