Gunnison Copper Announces Private Placement for Gross Proceeds of up to C$15.0 Million

Executive Summary

• Gunnison Copper Corp. announced a non‑brokered private placement to raise up to C$15 million by selling up to 33,333,333 units at C$0.45 per unit.
• Each unit consists of one common share and half of a common‑share purchase warrant (full warrant allows purchase of one share at C$0.65 for 36 months).
• Net proceeds are earmarked for drilling, metallurgical testing, permitting, pre‑feasibility work on the Gunnison Copper Project, US head‑office expenses, partial debt repayment to Nebari, and general working capital.

Key Details

• Offering Size: Up to C$15 million gross proceeds.
• Units Offered: 33,333,333 units at C$0.45 per unit.
• Unit Composition:
• 1 common share of Gunnison Copper Corp.
• ½ of a common‑share purchase warrant (full warrant = right to buy one share at C$0.65).
• Warrant Terms: Exercise price C$0.65; exercisable any time during the 36‑month period following issue date.
• Finder: Red Cloud Securities Inc. acting as finder for the Offering.
• Use of Proceeds:
• Drilling, metallurgical testing and permitting activities for a pre‑feasibility study of the Gunnison Copper Project.
• Funding US head‑office general & administrative expenses.
• Partial repayment of outstanding debt to Nebari.
• General working capital.
• Regulatory Structure:
• Up to 24,858,878 “LIFE Units” offered under the Listed Issuer Financing Exemption (NI 45‑106) in all Canadian provinces except Québec; expected to be freely tradeable immediately.
• Remaining 8,474,455 “Non‑LIFE Units” offered via private placements in Canada (subject to a four‑month hold period), the United States (exempt under U.S. Securities Act), and other jurisdictions as permitted.
• Closing Timeline: Expected around October 29, 2025, subject to regulatory approvals including TSX clearance.
• Finder’s Fees: Payable in accordance with TSX policies.
• Legal Disclaimer: The release does not constitute an offer or solicitation in the United States; U.S. persons may only participate if securities are registered or exempt under the U.S. Securities Act.

Notable Quotes

(No direct quotes from executives were included in the release.)