US Copper Corp Proposes $750,000 Non-Brokered Private Placement
US Copper Corp (OTCQB: USCUF) has announced a proposed non-brokered private placement to raise up to $750,000 through the issuance of up to 7.5 million units at $0.10 per unit. Each unit consists of one common share and one warrant, with each warrant allowing the purchase of one common share at $0.15 within 2 years after closing.
The securities will have a four-month hold period, and the offering's completion depends on regulatory and TSX Venture Exchange approvals. The company plans to use the proceeds for general working capital. Additionally, director Norm Yurik has resigned effective immediately to focus on other professional commitments.
US Copper Corp (OTCQB: USCUF) ha annunciato una proposta di collocamento privato non mediato per raccogliere fino a 750.000 dollari tramite l'emissione di un massimo di 7,5 milioni di unit脿 al prezzo di 0,10 dollari per unit脿. Ogni unit脿 comprende un'azione ordinaria e un warrant, con ciascun warrant che consente l'acquisto di un'azione ordinaria a 0,15 dollari entro 2 anni dalla chiusura.
I titoli avranno un periodo di blocco di quattro mesi e il completamento dell'offerta 猫 soggetto all'approvazione normativa e della TSX Venture Exchange. La societ脿 prevede di utilizzare i proventi per il capitale circolante generale. Inoltre, il direttore Norm Yurik si 猫 dimesso con effetto immediato per concentrarsi su altri impegni professionali.
US Copper Corp (OTCQB: USCUF) ha anunciado una propuesta de colocaci贸n privada sin intermediarios para recaudar hasta 750,000 d贸lares mediante la emisi贸n de hasta 7.5 millones de unidades a 0.10 d贸lares por unidad. Cada unidad consta de una acci贸n com煤n y un warrant, con cada warrant que permite la compra de una acci贸n com煤n a 0.15 d贸lares dentro de 2 a帽os tras el cierre.
Los valores tendr谩n un per铆odo de retenci贸n de cuatro meses y la finalizaci贸n de la oferta depende de las aprobaciones regulatorias y de la Bolsa de Valores TSX Venture. La compa帽铆a planea usar los fondos para capital de trabajo general. Adem谩s, el director Norm Yurik ha renunciado con efecto inmediato para centrarse en otros compromisos profesionales.
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US Copper Corp (OTCQB : USCUF) a annonc茅 une proposition de placement priv茅 sans interm茅diaire visant 脿 lever jusqu'脿 750 000 $ par l'茅mission de jusqu'脿 7,5 millions d'unit茅s au prix de 0,10 $ par unit茅. Chaque unit茅 comprend une action ordinaire et un bon de souscription, chaque bon permettant l'achat d'une action ordinaire 脿 0,15 $ dans les 2 ans suivant la cl么ture.
Les titres seront soumis 脿 une p茅riode de blocage de quatre mois, et la r茅alisation de l'offre d茅pend des approbations r茅glementaires et de la TSX Venture Exchange. La soci茅t茅 pr茅voit d'utiliser les fonds pour le fonds de roulement g茅n茅ral. Par ailleurs, le directeur Norm Yurik a d茅missionn茅 avec effet imm茅diat pour se consacrer 脿 d'autres engagements professionnels.
US Copper Corp (OTCQB: USCUF) hat eine vorgeschlagene nicht vermittelte Privatplatzierung angek眉ndigt, um bis zu 750.000 US-Dollar durch die Ausgabe von bis zu 7,5 Millionen Einheiten zum Preis von 0,10 US-Dollar pro Einheit zu beschaffen. Jede Einheit besteht aus einer Stammaktie und einem Warrant, wobei jeder Warrant den Kauf einer Stammaktie zu 0,15 US-Dollar innerhalb von 2 Jahren nach Abschluss erm枚glicht.
Die Wertpapiere unterliegen einer Haltefrist von vier Monaten, und der Abschluss des Angebots h盲ngt von der beh枚rdlichen und der TSX Venture Exchange Genehmigung ab. Das Unternehmen plant, die Erl枚se f眉r das allgemeine Betriebskapital zu verwenden. Zudem hat der Direktor Norm Yurik mit sofortiger Wirkung seinen R眉cktritt erkl盲rt, um sich auf andere berufliche Verpflichtungen zu konzentrieren.
- Warrants provide potential upside with $0.15 exercise price, 50% above unit price
- Proceeds will strengthen working capital position
- Potential dilution from issuance of up to 7.5 million new shares
- Additional dilution possible from warrant exercise
- Director resignation could indicate internal challenges
Toronto, Ontario--(Newsfile Corp. - July 14, 2025) - US Copper Corp (TSXV: USCU) (OTCQB: USCUF) (FSE: C73) ("US Copper" or the "Company") announces a proposed non-brokered private placement for aggregate gross proceeds of up to
The Company intends to use the proceeds of the Offering for general working capital purposes.
In addition, the Company announces that Norm Yurik has resigned as a director of the Company, effective immediately, in order to devote his attention to other professional commitments. The board of directors of the Company would like to thank Mr. Yurik for his contributions and they wish him success in his future endeavours.
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 www.sedarplus.ca. Investors are cautioned not to place undue reliance upon forward-looking statements.
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