Alta Copper Announces Closing of Non-Brokered Financing
Alta Copper Corp. (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU) has closed a non-brokered private placement with Nascent Exploration Pty. , a subsidiary of Fortescue The company issued 4,629,630 common shares at Cdn$0.54 per share, raising gross proceeds of Cdn$2,500,000. The shares are subject to a four-month and one day hold period.
CEO Giulio T. Bonifacio stated that the proceeds will provide working capital to advance the drill permit application and continue community engagement for their 100% owned Cañariaco copper project in Peru. The financing was priced above market close, avoiding discounts and minimizing dilution. The project comprises 97 square kms of land, including the Cañariaco Norte deposit, Cañariaco Sur deposit, and Quebrada Verde prospect.
Alta Copper Corp. (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU) ha chiuso un collocamento privato non intermediato con Nascent Exploration Pty., una sussidiaria di Fortescue. L'azienda ha emesso 4.629.630 azioni ordinarie a Cdn$0,54 per azione, raccogliendo proventi lordi di Cdn$2.500.000. Le azioni sono soggette a un periodo di blocco di quattro mesi e un giorno.
Il CEO Giulio T. Bonifacio ha dichiarato che i proventi forniranno capitale operativo per avanzare la domanda di permesso di perforazione e proseguire il dialogo con la comunità per il loro progetto minerario Cañariaco, di proprietà al 100% in Perù. Il finanziamento è stato effettuato a un prezzo superiore alla chiusura di mercato, evitando sconti e riducendo al minimo la diluizione. Il progetto comprende 97 chilometri quadrati di terreno, inclusi il deposito Cañariaco Norte, il deposito Cañariaco Sur e il prospetto Quebrada Verde.
Alta Copper Corp. (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU) ha cerrado una colocación privada no intermediada con Nascent Exploration Pty., una subsidiaria de Fortescue. La compañía emitió 4,629,630 acciones ordinarias a Cdn$0.54 por acción, recaudando ingresos brutos de Cdn$2,500,000. Las acciones están sujetas a un período de retención de cuatro meses y un día.
El CEO Giulio T. Bonifacio afirmó que los ingresos proporcionarán capital de trabajo para avanzar en la solicitud de permiso de perforación y continuar la participación comunitaria en su proyecto de cobre Cañariaco, de propiedad al 100% en Perú. La financiación se fijó por encima del cierre del mercado, evitando descuentos y minimizando la dilución. El proyecto abarca 97 kilómetros cuadrados de terreno, incluidos el depósito Cañariaco Norte, el depósito Cañariaco Sur y el prospecto Quebrada Verde.
알타 구리 주식회사 (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU)는 나선 탐사 Pty와 함께 중개인 없는 사모 배정을 완료했습니다. 이 회사는 주당 Cdn$0.54에 4,629,630주를 발행했습니다, 총 Cdn$2,500,000의 수익을 올렸습니다. 이 주식은 4개월 1일의 보유 기간에 해당합니다.
CEO 줄리오 T. 보니파시오는 수익이 시추 허가 신청을 진행하는 운영 자본을 제공할 것이며, 그들의 100% 소유의 카냐리코 구리 프로젝트에 대한 지역 사회 관여를 지속할 것이라고 밝혔습니다. 자금 조달은 시장 마감가보다 높은 가격으로 책정되어 할인 없이 최소한의 희석으로 진행되었습니다. 이 프로젝트는 카냐리코 노르테 매장지, 카냐리코 수르 매장지 및 케브라다 베르데 탐색지를 포함하여 97 제곱킬로미터의 토지를 포함합니다.
Alta Copper Corp. (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU) a clôturé une placement privé sans courtier avec Nascent Exploration Pty., une filiale de Fortescue. L'entreprise a émis 4,629,630 actions ordinaires au prix de Cdn$0,54 par action, levant ainsi des produits bruts de Cdn$2,500,000. Les actions sont soumises à une période de blocage de quatre mois et un jour.
Le PDG Giulio T. Bonifacio a déclaré que les produits fourniront le capital de travail pour avancer la demande de permis de forage et continuer l'engagement communautaire pour leur projet de cuivre Cañariaco, dont ils détiennent 100% au Pérou. Le financement a été fixé au-dessus de la clôture du marché, évitant des remises et minimisant la dilution. Le projet comprend 97 kilomètres carrés de terrain, y compris le gisement de Cañariaco Norte, le gisement de Cañariaco Sur et le prospect de Quebrada Verde.
Alta Copper Corp. (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU) hat eine nicht vermittelte Privatplatzierung abgeschlossen mit Nascent Exploration Pty., einer Tochtergesellschaft von Fortescue. Das Unternehmen gab 4,629,630 Stammaktien zu je Cdn$0,54 aus und erzielte brutto Einnahmen von Cdn$2,500,000. Die Aktien unterliegen einer Haltfrist von vier Monaten und einem Tag.
CEO Giulio T. Bonifacio erklärte, dass die Einnahmen Betriebskapital für die Beantragung des Bohrgenehmigungsverfahrens bereitstellen und das Engagement der Gemeinschaft für ihr 100% eigenes Kupferprojekt Cañariaco in Peru fortsetzen werden. Die Finanzierung wurde über dem Marktschlusskurs bepreist, um Rabatte zu vermeiden und die Verwässerung zu minimieren. Das Projekt umfasst 97 Quadratkilometer Land, einschließlich des Cañariaco Norte Deposits, des Cañariaco Sur Deposits und des Quebrada Verde Prospekts.
- Raised Cdn$2,500,000 in gross proceeds through private placement
- Financing priced above market close, avoiding discounts and minimizing dilution
- Proceeds to advance drill permit application and community engagement
- 100% ownership of the advanced-stage Cañariaco copper project
- Dilution of existing shareholders due to issuance of new common shares
- Final approval from Toronto Stock Exchange still pending
VANCOUVER, BC / ACCESSWIRE / September 16, 2024 / Alta Copper Corp. (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU) ("Alta Copper" or the "Company") is pleased to announce the closing of the previously announced non-brokered private placement with Nascent Exploration Pty. Ltd., a wholly owned subsidiary of Fortescue Ltd. (the "Private Placement").
A total of 4,629,630 common shares (the "Common Shares") were issued at a price of Cdn
Giulio T. Bonifacio, Executive Chair and CEO, commented: "The proceeds of the Private Placement will now provide the required working capital to advance our drill permit application, which is progressing on target, and to continue to advance our community engagement and social license. This financing which was priced at above our market close was superior to other financing options available which would have been priced at a discount to the market inclusive of warrants and fees while minimizing dilution. The current financing will now set the stage for the next phase in the development of our
The Private Placement remains subject to the final approval of the Toronto Stock Exchange.
About Alta Copper
Alta Copper is focused on the development of its
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking information within the meaning of Canadian securities laws ("forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements, including, but not limited to, statements with respect to the of the Private Placement, the use of proceeds for the Private Placement, the insider participation in the Private Placement and the business plans of the Company, including the drill program. These forward-looking statements are made as of the date of this press release. Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others: the state of the equity financing markets in Canada and other jurisdictions; the receipt of regulatory approvals; fluctuations in metals prices, the actual results of current development activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; accidents, labour disputes and other risks of the mining industry; and delays in obtaining approvals or financing. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. We are under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.
On behalf of the Board of Alta Copper Corp.
"Giulio T. Bonifacio" Executive Chair, CEO and Director
For further information please contact:
Giulio T. Bonifacio
gtbonifacio@altacopper.com
+1 604 318 6760
Email: info@altacopper.com
Website: www.altacopper.com
Twitter: https://twitter.com/Alta_Copper
LinkedIn: https://www.linkedin.com/company/altacopper/
Facebook: https://www.facebook.com/AltaCopperCorp
Instagram: https://www.instagram.com/altacopper/
YouTube: https://www.youtube.com/@AltaCopper
SOURCE: Alta Copper Corp.
View the original press release on accesswire.com
FAQ
How much did Alta Copper (ATCUF) raise in its recent private placement?
What is the purpose of Alta Copper's (ATCUF) recent financing?
Who participated in Alta Copper's (ATCUF) private placement on September 16, 2024?
What is the size and location of Alta Copper's (ATCUF) Cañariaco project?
