The Prospector News

King Copper Discovery Announces Closing of $15 Million Financing

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

King Copper Discovery Announces Closing of $15 Million Financing

 

 

 

 

 

King Copper Discovery Corp. (TSX-V:KCP) (OTCQB:TBXXF) (FRA:3RI) is pleased to announce that it has closed its previously announced non-brokered private placement financing of 25 million units at a price of $0.60 per Unit with each Unit consisting of one common share in the capital of the Company and one common share purchase warrant, exercisable at a price of $0.98 for two years. The Financing resulted in the Company raising aggregate gross proceeds of $15,000,000.

 

All securities issued in connection with the Financing will be subject to a statutory four-month hold period in accordance with applicable securities law.

 

The subscribers in the Financing included a director as well as one corporate subscriber controlled by a director of the Company, who subscribed for an aggregate of 150,000 Units for aggregate gross proceeds of $90,000 to the Company. The issuance of Units to the Insiders constitute “related party transactions” as defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions. The Company is relying on the exemption from the formal valuation and minority approval requirement pursuant to subsection 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, for the Insiders’ participation in the Financing, as the value of the Units subscribed for do not represent more than 25% of the Company’s market capitalization, as determined in accordance with MI 61-101.

 

The net proceeds from the Financing will be used for general working capital and for the ongoing assessment and evaluation of multiple copper exploration and development opportunities within South America.

 

Posted January 20, 2026

Share this news article

MORE or "UNCATEGORIZED"


Talon Metals Reports New High-Grade Nickel-Copper Assays Across the Vault Zone

Talon Metals Corp. (TSX: TLO) (OTCID: TLOFF) announced new assay ... READ MORE

August 4, 2026

Ramp Metals Intersects 4.0 m of 4.84% CuEq within 28.23 m of 0.86% CuEq in Rush-019, Confirms a Second Mineralized Zone, and Expands the Rush System

Ramp Metals Inc. (TSX-V: RAMP) is pleased to report that drillhol... READ MORE

August 4, 2026

Lion Copper & Gold Announces Maiden Mineral Resource Estimate for the Bear Deposit

Lion Copper & Gold Corp. (CSE: LEO) (OTCQB: LCGMF) is pleased... READ MORE

August 4, 2026

Revival Gold Intersects 3.43 g/t Gold over 131.7 Meters Including 6.6 g/t Gold over 42.5 Meters at Beartrack-Arnett in Idaho

Revival Gold Inc. (TSX-V: RVG) (OTCQX: RVLGF) is pleased to report one o... READ MORE

August 4, 2026

Ridgeline Minerals Converts Exploration Success into All-Cash C$32.7 Million Sale of Carlin & Cortez Trend Gold Portfolio to Nevada Gold Mines

Ridgeline Minerals Corp. (TSX-V: RDG) (OTCQB: RDGMF) (FSE: 0GC0)... READ MORE

August 4, 2026

Copyright 2026 The Prospector News