Gunnison Copper arranges $15-million private placement

Executive Summary

• Gunnison Copper Corp. announced a non‑brokered private placement of up to 33,333,333 units at C$0.45 per unit, targeting gross proceeds of up to C$15 million.
• Each unit consists of one common share and half of a common‑share purchase warrant (full warrant = right to buy one share at C$0.65 for 36 months).
• Net proceeds are earmarked for drilling, metallurgical testing, permitting, a prefeasibility study, U.S. head‑office G&A, partial repayment of debt to Nebari, and general working capital.

Key Details

• Units Offered: Up to 33,333,333 units (each = 1 common share + ½ warrant).
• Price per Unit: C$0.45.
• Gross Proceeds Target: Up to C$15 million.
• Warrant Terms: One‑half warrant per unit; each full warrant allows purchase of one common share at C$0.65, exercisable anytime for 36 months from issue date.
• Finder: Red Cloud Securities Inc. acting as finder (non‑brokered).
• Use of Proceeds:
• Drilling and metallurgical testing on the Gunnison copper project.
• Permitting activities for inclusion in a prefeasibility study.
• Financing U.S. head‑office general & administrative expenses.
• Partial repayment of outstanding debt to Nebari.
• General working capital.
• Exemptions & Offering Structure:
• Up to 24,858,878 units offered under the listed issuer financing exemption (NI 45‑106) to Canadian investors (excluding Quebec).
• Remaining 8,474,455 units offered via private placement in Canada, the United States, and other jurisdictions; subject to a four‑month hold period in Canada.
• Closing Date: Expected on or around Oct. 29, 2025, contingent upon regulatory approvals (including TSX).
• Finders’ Fees: Payable per TSX policies.
• Trading: Units expected to be freely tradeable immediately after issuance for Canadian purchasers; non‑LIFE units subject to hold period.

Notable Quotes

(No direct quotes were provided in the release.)