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 unit脿 a $0.05 per unit脿. Ogni unit脿 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 unit脿 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 colocaci贸n privada no mediada, recaudando $500,000 a trav茅s de la emisi贸n de 10,000,000 de unidades a $0.05 por unidad. Cada unidad incluye una acci贸n com煤n y un warrant, con warrants ejercitables a $0.08 dentro de 2 a帽os despu茅s del cierre.
La empresa pag贸 $3,600 en comisiones a intermediarios, y los insiders participaron adquiriendo 115,000 unidades por un valor de $5,750. Todos los valores emitidos est谩n sujetos a un per铆odo de retenci贸n de cuatro meses, y la colocaci贸n sigue sujeta a la aceptaci贸n final de la TSX Venture Exchange. La transacci贸n califica como una 'transacci贸n con partes relacionadas' bajo la MI 61-101, con la empresa confiando en exenciones de los requisitos de valoraci贸n formal y aprobaci贸n de minor铆as.
Los ingresos se utilizar谩n para prop贸sitos generales de capital de trabajo.
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US Copper Corp (USCUF) a compl茅t茅 un placement priv茅 non interm茅di茅, levant $500,000 par l'茅mission de 10,000,000 d'unit茅s 脿 $0.05 par unit茅. Chaque unit茅 comprend une action ordinaire et un bon de souscription, les bons 茅tant exer莽ables 脿 $0.08 dans les 2 ans suivant la cl么ture.
La soci茅t茅 a pay茅 $3,600 en frais de recherche, et des initi茅s ont particip茅 en acqu茅rant 115,000 unit茅s d'une valeur de $5,750. Tous les titres 茅mis sont soumis 脿 une p茅riode de blocage de quatre mois, et le placement reste soumis 脿 l'acceptation finale de la TSX Venture Exchange. La transaction est consid茅r茅e comme une 'transaction entre parties li茅es' selon la MI 61-101, la soci茅t茅 s'appuyant sur des exemptions aux exigences d'茅valuation formelle et d'approbation des minorit茅s.
Les recettes seront utilis茅es 脿 des fins de fonds de roulement g茅n茅ral.
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 ausge眉bt werden k枚nnen.
Das Unternehmen zahlte $3.600 an Vermittlungsgeb眉hren, 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 endg眉ltigen Genehmigung der TSX Venture Exchange. Die Transaktion qualifiziert sich als 'Transaktion mit nahestehenden Personen' gem盲脽 MI 61-101, wobei das Unternehmen auf Ausnahmen von den Anforderungen an formelle Bewertungen und Minderheitsgenehmigungen zur眉ckgreift.
Die Erl枚se werden f眉r 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 [email protected].
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 . Investors are cautioned not to place undue reliance upon forward-looking statements.
To view the source version of this press release, please visit
FAQ
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