Copper Giant arranges $10-million private placement

Executive Summary

• Copper Giant Resources Corp. has announced a non-brokered private placement of units with aggregate gross proceeds of up to $10 million.
• The offering includes a lead investment of $2 million from Frank Giustra.
• 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.
• Gross Proceeds: Up to $10 million.
• Lead Investor: Frank Giustra with a lead order of $2 million.
• Unit Price: 40 cents per unit.
• Quantity: 25 million units.
• Unit Composition: Each unit consists of one common share and one-half of one warrant.
• Warrant Terms: Each whole warrant is exercisable to purchase one share at an exercise price of 60 cents per share.
• Warrant Expiry: 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.
• Finders' Fees: The company intends to pay cash finders' fees to eligible parties and may issue non-transferable finder warrants.

Notable Quotes

• No direct quotes from management were included in the provided text.