Super Copper Announces Closing of $9.75 Million Brokered LIFE Financing

Executive Summary

• Super Copper Corp. closed a brokered private placement of 13,000,000 units at $0.75 per unit, raising gross proceeds of $9.75 million.
• Each unit consists of one common share and one warrant; the warrants are split between Series A (6,566,666) and Series B (6,433,334) with exercise price $1.15 for up to 36 months.
• Net proceeds will be used to advance the Cordillera Cobre and Castilla copper projects in Chile, complete magnetics/IP surveys, fund drilling programs, and cover general & administrative expenses.

Key Details

• Offering size: 13,000,000 units @ $0.75 per unit → Gross proceeds: $9,750,000.
• Unit composition: 1 common share + 1 warrant per unit.
• Warrant breakdown:
• Series A Warrants – 6,566,666 units; exercisable at $1.15/share for 36 months from closing.
• Series B Warrants – 6,433,334 units; exercisable at $1.15/share starting 61 days after closing through 36 months.
• Lead agents/bookrunner: A.G.P. Canada Investments ULC and Baader Bank AG (acting on a best‑efforts basis).
• Agent compensation: Cash commission equal to 6.0% of gross proceeds plus non‑transferable “Broker Warrants” representing 6.0% of units sold; Broker Warrants exercisable at $1.15/share for 36 months.
• Related‑party participation: Two subscribers purchased a total of 677,072 units and are deemed related parties under MI 61‑101; transaction valued at <25 % of market cap, exempt from formal valuation and minority shareholder approval.
• Use of proceeds:
• Advance Cordillera Cobre and Castilla projects toward drill‑ready status.
• Complete property‑wide magnetics and Induced Polarization (IP) surveys at Castilla to map IOCG targets and sulfide concentrations.
• Execute maiden and follow‑up drilling program at Cordillera Cobre.
• Fund general & administrative expenses, including ongoing marketing and investor relations services.

Notable Quotes

• “The net proceeds from this financing will accelerate the development of our flagship Chilean projects and strengthen our balance sheet as we continue to build a portfolio of scalable copper assets,” – Zachary Dymala‑Dolesky, Chief Executive Officer.