King Copper Discovery arranges $15-million financing

Executive Summary

• King Copper Discovery Corp. announced a proposed non-brokered private placement of 25 million units at $0.60 per unit, targeting gross proceeds of up to $15 million.
• Each unit consists of one common share and one share purchase warrant exercisable at $0.98 for a period of two years.
• The proceeds are designated for general working capital and the assessment of copper exploration and development opportunities in South America.

Key Details

• Transaction Structure: Non-brokered private placement.
• Units Offered: 25,000,000 units.
• Price Per Unit: $0.60 CAD.
• Gross Proceeds: Up to $15,000,000.
• Warrant Terms: Each unit includes one share purchase warrant exercisable at $0.98 per share for two years.
• Hold Period: All securities are subject to a statutory four-month hold period.
• Expected Closing Date: January 15, 2026.
• Use of Proceeds: General working capital and continuing assessment/evaluation of multiple copper exploration and development opportunities within South America.
• Conditions Precedent: Closing is subject to various conditions, including approval of the TSX Venture Exchange.
• Fees: Finders' fees may be payable on the transaction.