Financings

Getty Copper announces Completion of Amalgamation and Satisfies Escrow Release Conditions

By The Northwire Desk — AI Analysis Mar 13, 2026 · 13:16 GTC · 0.06 Getty Copper Inc.

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Getty Copper completed the amalgamation of Numberco with its subsidiary, creating “Getty Copper Ltd.” and issuing shares/warrants/options to former Numberco holders.
The company closed a broker‑driven private placement of 125 million subscription receipts at $0.12 each, raising $15 million in gross proceeds.
Proceeds will be used to retire existing debt, fund development of mineral properties, and for general corporate purposes.

Amalgamation Mechanics:
Holders of 65 M Numberco common shares received one Getty share per Numberco share.
Holders of 2 M Numberco warrants received equivalent Getty warrants (exercise $0.075, expiry May 1 2030).
Holders of 6.5 M Numberco options received equivalent Getty options (exercise $0.05, expiry May 2 2030).
63.95 M newly issued Getty shares are subject to TSX‑V escrow requirements.
Board & Management Changes:
New board: Charles Funk, Mahesh Liyange, Thomas MacNeill, Brent Lepinski, Earl Hope.
Officers: Thomas MacNeill – CEO; Charles Funk – Chairman; Jeremy Fong – CFO; Rosana Batista – Corporate Secretary.
Private Placement Details:
Date of closing: December 4 2025.
Offering size: 125 M subscription receipts at $0.12 each → $15 M gross proceeds.
Lead agents: Clarus Securities Inc., Velocity Capital Partners, Raymond James Ltd.
Agent cash commission: 6.0% of gross proceeds ($900,000).
Additional compensation: 7.5 M options granted to agents (exercise $0.12 per share, exercisable for 12 months after release notice).
Escrow & Conversion:
Proceeds deposited with Computershare Trust Company of Canada; released upon satisfaction of escrow conditions tied to the amalgamation.
Each subscription receipt automatically converted into one Getty common share at closing.
Use of Proceeds:
Retire all existing indebtedness.
Continue development on Getty’s mineral properties.
General corporate purposes.

(No direct quotes were provided in the release.)

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