Financings

CUPANI METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

By The Northwire Desk — AI Analysis Nov 20, 2025 · 08:13 CUPA · 0.16 Cupani Metals Corp.

CUPA · Price

Cupani Metals Corp. announced a non‑brokered private placement to raise up to C$5,000,000.
The offering consists of 17,142,857 flow‑through units at $0.175 each, 2,040,816 charity flow‑through units at $0.245 each, and 9,375,000 hard‑cash units at $0.16 each.
Gross proceeds will be used to fund exploration on the 100% owned Blue Lake/Retty Lake project and for general working capital.

Offering Structure:
Flow‑Through Units (FT Units): 17,142,857 units @ C$0.175 per unit. Each unit = 1 common share + ½ warrant (exercisable at $0.30, expires 24 months after closing).
Charity Flow‑Through Units: 2,040,816 units @ C$0.245 per unit. Same composition as FT Units; proceeds directed to charitable purposes under the Tax Act.
Hard‑Cash Units (HC Units): 9,375,000 units @ C$0.16 per unit. Each unit = 1 common share + ½ warrant (same terms as above).
Total Potential Gross Proceeds: Up to C$5,000,000.
Use of Proceeds:
Exploration expenses on the Blue Lake/Retty Lake project (100% owned).
General working capital.
For FT and Charity FT Units, proceeds will be allocated to “Canadian exploration expenses” qualifying as flow‑through critical mineral mining expenditures under the Income Tax Act.
Securities Issuance: Private placement issued pursuant to exemptions from prospectus requirements; subject to resale restrictions including a hold period of four months and one day.
Warrant Terms: Each warrant exercisable at $0.30 per share, any time prior to 24 months after closing, with an acceleration clause as defined in the offering documents.
Forward‑Looking Statements: The release contains forward‑looking information regarding use of proceeds and a subsequent tranche that could raise up to US$4 million.

(No executive quotes were included in the release.)

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