Financings
US Copper Corp Proposes $750,000 Non-Brokered Private Placement
USCU · Price
Executive Summary
- US Copper Corp announces a non‑brokered private placement of up to 7,500,000 units for aggregate gross proceeds of up to $750,000.
- Each unit consists of one common share and one warrant; warrants allow purchase of an additional share at $0.15 per share for two years after closing.
- All securities will be subject to a four‑month hold period and the offering is pending regulatory and TSX Venture Exchange approvals.
Key Details
- Offering Size: Up to 7,500,000 units at $0.10 per unit, total gross proceeds up to $750,000.
- Unit Composition: 1 common share + 1 warrant per unit.
- Warrant Terms: Each warrant permits purchase of one additional common share at $0.15 per share, exercisable anytime within 2 years after closing.
- Hold Period: All securities issued will be subject to a four‑month hold period before they may be resold.
- Use of Proceeds: Funds are earmarked for general working capital purposes.
- Regulatory Conditions: Completion contingent upon receipt of all required approvals from regulators and the TSX Venture Exchange.
Notable Quotes
(No CEO/President quotes were included in the release.)