Cupani Metals arranges $5-million private placement

Mr. Brian Bosse reports CUPANI METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT Cupani Metals Corp. intends to raise up to $5-million through a non-brokered private placement financing, which will consist of the issuance of up to: (i) 17,142,857 flow-through (FT) units of the company at 17.5 cents per FT unit; (ii) 2,040,816 charity flow-through (CFT) units of the company at 24.5 cents per charity FT unit; and (iii) 9,375,000 hard cash (HC) units of the company at 16 cents per HC unit. Each charity FT unit and FT unit will consist of one common share and one-half of one common share purchase warrant of the company, each warrant exercisable at 30 cents at any time prior to the day that is 24 months from the closing date, subject to the terms and provisions of an acceleration clause. The FT share and one-half warrant comprising the charity FT units and FT units will qualify as a flow-through share for purposes of the Income Tax Act (Canada). Each HC unit will consist of one common share of the company and one-half of one warrant. The gross proceeds from the offering will be used by the company on its 100-per-cent-owned Blue Lake/Retty Lake exploration project exploration project, as well as for general working capital purposes. The gross proceeds from the common shares comprising the charity FT units and FT units will be used by the company for Canadian exploration expenses that are flow-through critical mineral mining expenditures (as such terms are defined in the tax act). The offered units were issued by way of a private placement pursuant to exemptions from prospectus requirements under applicable securities laws. The securities issued pursuant to the offering are subject to resale restrictions, including a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. About Cupani Metals Corp. Cupani Metals provides shareholders with long-term capital growth exposure by investing in mineral exploration properties and other assets. The company is listed on the Canadian Securities Exchange under the symbol CUPA. We seek Safe Harbor.