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Alpha Copper Completes Non-Brokered Private Placement for Proceeds of $839,999.88

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Alpha Copper Corp (CSE:ALCU) has successfully completed a non-brokered private placement, raising $839,999.88 through the issuance of 6,999,999 units at $0.12 per unit. Each unit includes one common share and one purchase warrant, with warrants exercisable at $0.16 per share within a 24-month period from issuance.

The funds will be allocated towards general working capital requirements and fulfilling existing property commitments and payables. All securities issued are subject to a four-month and one-day statutory hold period. The offering was not registered under the U.S. Securities Act of 1933.

Alpha Copper Corp (CSE:ALCU) ha completato con successo un collocamento privato non intermedia, raccogliendo $839,999.88 attraverso l'emissione di 6,999,999 unità a $0.12 per unità. Ogni unità include una azione ordinaria e un warrant di acquisto, con warrant esercitabili a $0.16 per azione entro un periodo di 24 mesi dall'emissione.

I fondi saranno destinati a esigenze generali di capitale operativo e per soddisfare impegni e debiti esistenti relativi alle proprietà. Tutti i titoli emessi sono soggetti a un periodo di blocco legale di quattro mesi e un giorno. L'offerta non è stata registrata ai sensi del Securities Act degli Stati Uniti del 1933.

Alpha Copper Corp (CSE:ALCU) ha completado con éxito una colocación privada no intermediada, recaudando $839,999.88 a través de la emisión de 6,999,999 unidades a $0.12 por unidad. Cada unidad incluye una acción común y una garantía de compra, con garantías ejercitables a $0.16 por acción dentro de un período de 24 meses a partir de la emisión.

Los fondos se destinarán a requisitos generales de capital de trabajo y a cumplir con compromisos y cuentas por pagar existentes. Todos los valores emitidos están sujetos a un período de retención legal de cuatro meses y un día. La oferta no fue registrada bajo la Ley de Valores de EE. UU. de 1933.

알파 구리 주식회사 (CSE:ALCU)는 중개인이 없는 비공식 사모 배치를 성공적으로 완료하여 $839,999.88을 조달했습니다. 이는 6,999,999 유닛을 유닛당 $0.12에 발행한 것입니다. 각 유닛은 하나의 보통주와 하나의 구매 보증서를 포함하며, 보증서는 발행일로부터 24개월 이내에 주당 $0.16에 행사할 수 있습니다.

모금된 자금은 일반 운영 자본 요구 사항 및 기존 부동산 약속과 채무 이행에 사용될 예정입니다. 발행된 모든 증권은 4개월 1일의 법적 보유 기간에 적용됩니다. 이 제안은 1933년 미국 증권법에 따라 등록되지 않았습니다.

Alpha Copper Corp (CSE:ALCU) a réussi à réaliser un placement privé sans intermédiaire, levant $839,999.88 par l'émission de 6,999,999 unités à 0,12 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription, les bons pouvant être exercés à 0,16 $ par action dans un délai de 24 mois à partir de l'émission.

Les fonds seront alloués aux besoins généraux en fonds de roulement et à l'exécution des engagements et des créances existants liés aux propriétés. Tous les titres émis sont soumis à une période de blocage légale de quatre mois et un jour. L'offre n'a pas été enregistrée en vertu de la loi américaine sur les valeurs mobilières de 1933.

Alpha Copper Corp (CSE:ALCU) hat erfolgreich eine nicht vermittelte Privatplatzierung abgeschlossen und $839,999.88 durch die Ausgabe von 6,999,999 Einheiten zu je $0.12 pro Einheit gesammelt. Jede Einheit besteht aus einer Stammaktie und einem Kaufwarrant, wobei Warrants innerhalb von 24 Monaten nach der Ausgabe zu $0.16 pro Aktie ausgeübt werden können.

Die Mittel werden für allgemeine Betriebskapitalbedarfe sowie zur Erfüllung bestehender Immobilienverpflichtungen und Verbindlichkeiten verwendet. Alle ausgegebenen Wertpapiere unterliegen einer gesetzlichen Haltedauer von vier Monaten und einem Tag. Das Angebot wurde nicht gemäß dem US-Wertpapiergesetz von 1933 registriert.

Positive
  • Secured $839,999.88 in new funding
  • Warrants provide potential for additional future funding at $0.16 per share
Negative
  • Dilutive effect on existing shareholders through issuance of 6,999,999 new units
  • Low unit price of $0.12 indicates potential market weakness

VANCOUVER, BC / ACCESS Newswire / February 12, 2025 / Alpha Copper Corp. ("Alpha" or the "Company") (CSE:ALCU) is pleased to announce that it has completed a non-brokered private placement (see news release dated January 7, 2025), issuing a total of 6,999,999 units of the Company ("Units") at a price of $0.12 per Unit for gross proceeds of $839,999.88 (the "Offering"). Each Unit consisted of one common share of the Company and one common share purchase warrant, with each warrant exercisable to acquire one common share of the Company at a price of $0.16 per share for a period of 24 months from the date of issuance. The proceeds of the Offering will be used for general working capital purposes and to satisfy existing property commitments and payables.

All securities issued pursuant to the Offering are subject to a statutory hold period of four (4) months and a day from issuance.

None of the securities sold in connection with the Offering are registered under the United States Securities Act of 1933, as amended, and no such securities were offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Alpha Copper Corp. (CSE:ALCU)(OTCQB:ALCUF)(FWB:PP0)

Alpha Copper is focused on contributing to the green economy by finding and developing copper resource assets in stable jurisdictions. The Company is positioned to earn a 60-per-cent interest in the Indata copper-gold project located in north-central British Columbia. After the acquisition of Cavu Energy Metals, the Company has acquired 100% of the Star copper-gold porphyry project in the Golden Triangle of British Columbia, as well as the 100% owned Quesnel project in the middle of the Quesnel Trough, host to a number of alkalic copper-gold porphyry deposits running northwest across western British Columbia. The company also holds a 100% interest in the Copper-Molybdenum Okeover project north of Powell River.

For more information visit https://alphacopper.com/. On Behalf of the Board of Directors of Alpha

~Darryl Jones~

Darryl Jones
CEO, President & Director Alpha Copper Corp.

Contact Alpha Copper

Invictus Investor Relations
+1 (604) 343.8661
walter@invictusir.com

SOURCE: Alpha Copper Corp.



View the original press release on ACCESS Newswire

FAQ

How much did Alpha Copper (ALCU) raise in its February 2025 private placement?

Alpha Copper raised $839,999.88 through a non-brokered private placement by issuing 6,999,999 units at $0.12 per unit.

What are the terms of the warrants issued in Alpha Copper's 2025 private placement?

Each warrant is exercisable at $0.16 per share for a period of 24 months from the date of issuance.

How long is the hold period for securities issued in Alpha Copper's private placement?

All securities issued in the private placement are subject to a statutory hold period of four months and one day from issuance.

What will Alpha Copper use the proceeds from the private placement for?

The proceeds will be used for general working capital purposes and to satisfy existing property commitments and payables.

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