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Financings

Cupani Metals prices hard cash units at 12.5 cents

By The Northwire Desk — AI Analysis Dec 16, 2025 · 19:50 CUPA · 0.13 Cupani Metals Corp
CUPA · Price

Executive Summary

  • Cupani Metals Corp. has announced the pricing of its hard cash (HC) units at $0.125 per unit, comprising one common share and one full common share purchase warrant exercisable at $0.25.
  • The company provided an update on its private placement tranches, confirming the closing of the first tranche ($2.05M) and outlining expected closing dates for the second (Dec. 29, 2025) and third/final (Jan. 29, 2026) tranches.
  • Management anticipates aggregate gross proceeds of over $500,000 from the HC units and announced an estimated $600,000 in Quebec refundable exploration tax credits for working capital.

Key Details

  • Financing Structure: Hard Cash (HC) Units priced at $0.125 per unit.
  • Warrant Terms: Each HC unit includes one full common share purchase warrant.
    • Exercise Price: $0.25 per share.
    • Term: Exercisable at any time up to 24 months from the closing date.
    • Acceleration: Subject to an acceleration clause.
  • Tranche Schedule & Status:
    • First Tranche: Closed on Dec. 15, 2025. Consisted of FT units. Gross proceeds: $2,051,224.18.
    • Second Tranche: Expected to close on Dec. 29, 2025. Expected to consist of both FT units and HC units.
    • Third Tranche: Expected to close on Jan. 29, 2026. Expected to consist of HC units only.
  • Proceeds Expectations: Management anticipates HC units will close for aggregate gross proceeds of more than $500,000.
  • Tax Credits: Applied for Quebec refundable exploration tax credits related to 2024 eligible expenditures.
    • Estimated Rebate: Approximately $600,000 (subject to review by Revenu Quebec).
    • Use of Proceeds: Working capital and general corporate purposes.
  • Finder’s Fees (First Tranche):
    • Cash Fees Paid: $16,236.23.
    • Compensation Units: 377,142 compensation HC units issued to certain finders on the same terms as the HC units offered.

Notable Quotes

  • No direct quotes from executives were included in the provided text.
Read the original news release →

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