US Copper Corp Completes $200,000 Non-Brokered Private Placement
US Copper Corp (TSXV: USCU) (OTCQB: USCUF) has completed a non-brokered private placement raising $200,000 through the issuance of 6,666,667 units at $0.03 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.06 for two years. Insiders participated, acquiring 626,667 units worth $18,800. The placement is subject to TSX Venture Exchange approval and a four-month hold period. Proceeds will be used for general working capital. The transaction qualifies as a 'related party transaction' under MI 61-101, with the company relying on exemptions from formal valuation and minority approval requirements.
US Copper Corp (TSXV: USCU) (OTCQB: USCUF) ha completato un collocamento privato non intermediato raccogliendo $200.000 attraverso l'emissione di 6.666.667 unità a $0,03 per unità. Ogni unità comprende un'azione ordinaria e un warrant, con warrant esercitabili a $0,06 per due anni. Gli insider hanno partecipato, acquisendo 626.667 unità per un valore di $18.800. Il collocamento è soggetto all'approvazione della TSX Venture Exchange e a un periodo di blocco di quattro mesi. I proventi saranno utilizzati per capitale circolante generale. La transazione è considerata una 'transazione con parti correlate' ai sensi del MI 61-101, con l'azienda che si avvale di esenzioni dai requisiti di valutazione formale e approvazione della minoranza.
US Copper Corp (TSXV: USCU) (OTCQB: USCUF) ha completado un colocación privada no intermediada recaudando $200,000 a través de la emisión de 6,666,667 unidades a $0.03 por unidad. Cada unidad incluye una acción común y un warrant, con warrants ejercitables a $0.06 durante dos años. Los internos participaron, adquiriendo 626,667 unidades por un valor de $18,800. La colocación está sujeta a la aprobación de la TSX Venture Exchange y a un período de retención de cuatro meses. Los ingresos se utilizarán para capital de trabajo general. La transacción califica como una 'transacción con partes relacionadas' bajo el MI 61-101, con la compañía confiando en exenciones de los requisitos de valoración formal y aprobación de minorías.
US Copper Corp (TSXV: USCU) (OTCQB: USCUF)는 중개인 없는 사모 배정을 완료하며 $200,000을 모집하였습니다. 이는 6,666,667 유닛을 유닛당 $0.03에 발행한 것입니다. 각 유닛은 하나의 보통주와 하나의 워런트를 포함하며, 워런트는 2년 동안 $0.06에 행사할 수 있습니다. 내부자는 626,667 유닛을 인수하였으며, 그 가치는 $18,800입니다. 이번 배정은 TSX Venture Exchange의 승인을 받으며, 4개월 간의 보유 기간이 요구됩니다. 수익금은 일반 운영 자본으로 사용될 예정입니다. 이 거래는 MI 61-101에 따른 '관련당사자 거래'로 간주되며, 회사는 공식 평가 및 소수자 승인 요구 사항에 대한 면제를 제공합니다.
US Copper Corp (TSXV: USCU) (OTCQB: USCUF) a complété un placement privé sans courtier levant $200,000 par l'émission de 6,666,667 unités à $0,03 par unité. Chaque unité comprend une action ordinaire et un bon de souscription, avec des bons exerçables à $0,06 pendant deux ans. Des initiés ont participé en acquérant 626,667 unités d'une valeur de $18,800. Le placement est soumis à l'approbation de la TSX Venture Exchange et à une période de blocage de quatre mois. Les produits seront utilisés pour le fonds de roulement général. La transaction est considérée comme une 'transaction entre parties liées' aux termes du MI 61-101, l'entreprise comptant sur des exemptions aux exigences d'évaluation formelle et d'approbation des minorités.
US Copper Corp (TSXV: USCU) (OTCQB: USCUF) hat eine nicht vermittelte Privatplatzierung abgeschlossen und $200.000 durch die Emission von 6.666.667 Einheiten zu $0,03 pro Einheit gesammelt. Jede Einheit umfasst eine Stammaktie und einen Warrant, wobei die Warrants für $0,06 für zwei Jahre ausgeübt werden können. Insider haben teilgenommen und 626.667 Einheiten im Wert von $18.800 erworben. Die Platzierung unterliegt der Genehmigung der TSX Venture Exchange und einer Sperrfrist von vier Monaten. Die Erlöse werden für allgemeines Umlaufvermögen verwendet. Die Transaktion gilt als 'Transaktion mit verwandten Parteien' gemäß MI 61-101, wobei das Unternehmen sich auf Ausnahmen von den Anforderungen an eine formelle Bewertung und die Genehmigung von Minderheiten stützt.
- Raised $200,000 in additional capital
- Insider participation in the private placement, showing confidence in the company
- Potential dilution of existing shareholders due to issuance of new shares
- Low price per unit at $0.03 may indicate weak market perception
Toronto, Ontario--(Newsfile Corp. - August 29, 2024) - US Copper Corp (TSXV: USCU) (OTCQB: USCUF) (FSE: C730) ("US Copper" or the "Company") is pleased to announce that it has completed a non-brokered private placement (the "Private Placement") for aggregate gross proceeds of
Insiders of the Company acquired directly and indirectly a total of
A material change report in connection with the Private Placement will be filed less than 21 days before the closing of the Private Placement. The Company believes this shorter period is reasonable and necessary in the circumstances as the Company wished to complete the Private Placement in a timely manner.
The Company intends to use the proceeds of the Private Placement for general working capital purposes.
For Further Information Contact:
Mr. Stephen Dunn, President, CEO and Director, US Copper Corp (416) 361-2827 or email info@uscoppercorp.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and regulations, including statements regarding the future activities of the Company. Forward-looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "hopes", "anticipates", "expected to", "plans", "planned", "intends" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company's management discussion and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedarplus.ca. Investors are cautioned not to place undue reliance upon forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221562
FAQ
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