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Alta Copper Announces Closing of Non-Brokered Private Placement

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Alta Copper Announces Closing of Non-Brokered Private Placement

 

 

 

 

 

Alta Copper Corp. (TSX: ATCU) (OTCQX: ATCUF) (BVL: ATCU) has closed the previously announced non-brokered private placement.

 

A total of 2,068,290 common shares were issued at a price of Cdn. $0.50, reflecting a premium to market, for gross proceeds of Cdn. $1,034,145. Common Shares will be subject to a mandatory four-month and one day hold period, in accordance with applicable securities law. No warrants were included in the Private Placement.

 

The Company will use the proceeds of the Private Placement for working capital, ongoing community initiatives in Peru as well as engineering work related to the Optimized Preliminary Economic Assessment targeted for publication by Q1-2024.

 

The Private Placement remains subject to the final approval of the Toronto Stock Exchange.

 

About Alta Copper

 

Alta Copper is focused on the development of its 100% owned Cañariaco advanced staged copper project. Cañariaco comprises 97 square km of highly prospective land located 150 km northeast of the City of Chiclayo, Peru, which include the Cañariaco Norte deposit, Cañariaco Sur deposit and Quebrada Verde prospect, all within a 4 km NE-SW trend in northern Peru’s prolific mining district. Cañariaco is one of the largest copper deposits in the Americas not held by a major.

 

Posted November 1, 2023

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