US Copper Corp Completes $500,000 Non-Brokered Private Placement
US Copper Corp (USCUF) has completed a non-brokered private placement raising $500,000 through the issuance of 10,000,000 units at $0.05 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.08 within 2 years after closing.
The company paid $3,600 in finder's fees, and insiders participated by acquiring 115,000 units worth $5,750. All securities issued are subject to a four-month hold period, and the placement remains subject to TSX Venture Exchange final acceptance. 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.
The proceeds will be used for general working capital purposes.
US Copper Corp (USCUF) ha completato un collocamento privato non mediato, raccogliendo $500,000 attraverso l'emissione di 10,000,000 di unità a $0.05 per unità. Ogni unità include una azione comune e un warrant, con warrant esercitabili a $0.08 entro 2 anni dalla chiusura.
L'azienda ha pagato $3,600 in commissioni per intermediari, e gli insider hanno partecipato acquisendo 115,000 unità del valore di $5,750. Tutti i titoli emessi sono soggetti a un periodo di blocco di quattro mesi, e il collocamento rimane soggetto all'accettazione finale della TSX Venture Exchange. La transazione si qualifica come una 'transazione con parti correlate' ai sensi della MI 61-101, con l'azienda che si avvale di esenzioni dai requisiti di valutazione formale e approvazione da parte di minoranze.
I proventi saranno utilizzati per scopi generali di capitale circolante.
US Copper Corp (USCUF) ha completado una colocación privada no mediada, recaudando $500,000 a través de la emisión de 10,000,000 de unidades a $0.05 por unidad. Cada unidad incluye una acción común y un warrant, con warrants ejercitables a $0.08 dentro de 2 años después del cierre.
La empresa pagó $3,600 en comisiones a intermediarios, y los insiders participaron adquiriendo 115,000 unidades por un valor de $5,750. Todos los valores emitidos están sujetos a un período de retención de cuatro meses, y la colocación sigue sujeta a la aceptación final de la TSX Venture Exchange. La transacción califica como una 'transacción con partes relacionadas' bajo la MI 61-101, con la empresa confiando en exenciones de los requisitos de valoración formal y aprobación de minorías.
Los ingresos se utilizarán para propósitos generales de capital de trabajo.
US Copper Corp (USCUF)는 중개인 없이 비공식 사모 배치를 완료하여 $500,000를 모금하였으며, 10,000,000 개의 유닛을 개당 $0.05에 발행하였습니다. 각 유닛에는 하나의 보통주와 하나의 워런트가 포함되어 있으며, 워런트는 종료 후 2년 이내에 $0.08에 행사할 수 있습니다.
회사는 중개인 수수료로 $3,600을 지급하였고, 내부자는 $5,750의 가치가 있는 115,000 유닛을 매입하여 참여하였습니다. 발행된 모든 증권은 4개월의 보유 기간에 적용되며, 배치는 TSX Venture Exchange의 최종 승인에 따라야 합니다. 이 거래는 MI 61-101에 따라 '관련 당사자 거래'로 분류되며, 회사는 공식 평가 및 소수 승인 요건에서 면제를 받고 있습니다.
US Copper Corp (USCUF) a complété un placement privé non intermédié, levant $500,000 par l'émission de 10,000,000 d'unités à $0.05 par unité. Chaque unité comprend une action ordinaire et un bon de souscription, les bons étant exerçables à $0.08 dans les 2 ans suivant la clôture.
La société a payé $3,600 en frais de recherche, et des initiés ont participé en acquérant 115,000 unités d'une valeur de $5,750. Tous les titres émis sont soumis à une période de blocage de quatre mois, et le placement reste soumis à l'acceptation finale de la TSX Venture Exchange. La transaction est considérée comme une 'transaction entre parties liées' selon la MI 61-101, la société s'appuyant sur des exemptions aux exigences d'évaluation formelle et d'approbation des minorités.
Les recettes seront utilisées à des fins de fonds de roulement général.
US Copper Corp (USCUF) hat eine nicht vermittelte Privatplatzierung abgeschlossen und $500,000 durch die Ausgabe von 10.000.000 Einheiten zu je $0,05 pro Einheit gesammelt. Jede Einheit umfasst eine Stammaktie und ein Warrant, wobei Warrants innerhalb von 2 Jahren nach Abschluss zu $0,08 ausgeübt werden können.
Das Unternehmen zahlte $3.600 an Vermittlungsgebühren, und Insider nahmen teil, indem sie 115.000 Einheiten im Wert von $5.750 erwarben. Alle ausgegebenen Wertpapiere unterliegen einer viermonatigen Haltedauer, und die Platzierung steht weiterhin unter dem Vorbehalt der endgültigen Genehmigung der TSX Venture Exchange. Die Transaktion qualifiziert sich als 'Transaktion mit nahestehenden Personen' gemäß MI 61-101, wobei das Unternehmen auf Ausnahmen von den Anforderungen an formelle Bewertungen und Minderheitsgenehmigungen zurückgreift.
Die Erlöse werden für allgemeine Betriebskapitalzwecke verwendet.
- Secured $500,000 in additional capital
- Insider participation demonstrates management confidence
- Significant dilution with 10,000,000 new units issued
- Additional potential dilution from warrant exercise
- Low unit price of $0.05 indicates weak market valuation
Toronto, Ontario--(Newsfile Corp. - February 21, 2025) - 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/241890
FAQ
How much did US Copper Corp (USCUF) raise in its February 2025 private placement?
What are the terms of USCUF's February 2025 private placement units?
How many new units did USCUF issue in the February 2025 placement?
How much insider participation was there in USCUF's February 2025 placement?
What will USCUF use the February 2025 private placement proceeds for?
