Infinitum Copper arranges $2.52-million financing

Executive Summary

• Infinitum Copper Corp. announced a non-brokered private placement of up to 14 million units at $0.18 per unit, raising up to $2.52 million in gross proceeds.
• Each unit consists of one common share and one common share purchase warrant exercisable at $0.20 per share for a period of 60 months.
• Net proceeds are intended for advancing a pipeline of properties, general administrative expenses, and working capital.

Key Details

• Transaction Structure: Non-brokered private placement.
• Units Offered: Up to 14,000,000 units.
• Price: $0.18 per unit.
• Gross Proceeds: Up to $2,520,000.
• Warrant Terms: Each unit includes one common share purchase warrant; each warrant allows the holder to acquire one common share at an exercise price of $0.20.
• Warrant Expiry: 60 months from the date of issuance.
• Use of Proceeds: Advancing and evaluating a pipeline of properties, general administrative expenses, and working capital.
• Regulatory Conditions: Subject to approval by the TSX Venture Exchange.
• Hold Period: Securities are subject to a statutory hold period expiring four months and one day from the date of closing.
• Related Party Transactions: Certain directors and officers may participate; the transaction is exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 as the value does not exceed 25% of market capitalization.
• Fees: Finders' fees may be payable in connection with the private placement.