Chakana Announces Closing of C$1.25 M Financing with Strategic Placement from EMR Capital

Executive Summary

• Chakana Copper Corp. completed a non‑brokered private placement of 17,857,156 units at C$0.07 per unit, raising gross proceeds of C$1,250,000.92.
• The placement introduced EMR Capital as a new shareholder with a 10.5% non‑diluted equity interest and granted it anti‑dilution rights, a board nomination right, and the ability to appoint a project advisor.
• Net proceeds will be used to evaluate new opportunities, fund exploration activities, and cover general working capital and administrative expenses.

Key Details

• Units sold: 17,857,156 units @ C$0.07 per unit → Gross proceeds: C$1,250,000.92.
• Unit composition: 1 common share + 1 common share purchase warrant (exercise price C$0.09, three‑year term).
• EMR Capital participation: 4,947,948 units for C$346,356.33 → 10.5% non‑diluted equity; receives anti‑dilution protection, right to nominate one director, and right to appoint a project advisor.
• Officer participation: 3,166,686 units for C$221,668.05.
• Finder’s fees: C$1,928.67 paid in cash; issuance of 27,552 non‑transferable finder’s warrants (exercise price C$0.09, three‑year term).
• Hold period: All securities subject to a four‑month hold expiring 27 Jan 2026 per Canadian securities law.
• Debt settlement: TSX Venture Exchange approved settlement of previously announced debt with directors/officers/consultants; Debt Shares also subject to a four‑month hold plus one day.
• Use of proceeds: Evaluate new opportunities, exploration programs, general working capital, and administrative purposes. No payments planned for investor relations activities.
• Regulatory: Private placement remains subject to final TSX Venture Exchange approval; exempt from MI 61‑101 valuation/minority shareholder approval requirements under specified exemptions.

Notable Quotes

“We are excited to see such strong support for the financing and to welcome EMR Capital as a new shareholder. The primary use of the proceeds will be for evaluating new opportunities at a time of very strong copper and precious metal prices.” – David Kelley, President & CEO