The Prospector News

American Copper Development Corporation Closes Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

American Copper Development Corporation Closes Private Placement

 

 

 

 

 

American Copper Development Corporation (CSE: ACDX) announces that, further to its news release dated July 21, 2025, the Company has closed a non-brokered private placement consisting of 5,405,763 units at a price of CAD$0.225 per Unit for aggregate gross proceeds of CAD$1,216,296.74. Each Unit is comprised of one common share of the Company and one transferable Share purchase warrant, with each Warrant exercisable to purchase one additional common share of the Company at a price of CAD$0.30 per Warrant Share for a period of 18 months from the closing date of the Private Placement.

 

The Company paid no finder’s fees in connection with the Private Placement.

 

Of the 5,405,763 Units, 303,334 were issued to directors and officers of the Company for gross proceeds of $68,250.15. Participation by the Insiders constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The issuances to the Insiders are exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the Shares and Warrants to be issued to each Insider does not exceed 25% of the Company’s market capitalization.

 

The Company intends to use the proceeds of the Private Placement for general working capital purposes.

 

All securities issued under the Private Placement will be subject to a statutory hold period of four months and one day following the closing date as well as a voluntary lock-up whereby one-third of the securities will be released from escrow every six months after closing.

 

About the Company

 

The Company is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Lordsburg Property.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

 

Posted August 14, 2025

Share this news article

MORE or "UNCATEGORIZED"


Indigenous Miner Podcast - "Alan McPherson: Indigenous Ownership in Mining. Building Opportunity from the Ground Up"

In the first episode of Indigenous Miner, we sit down with Alan McPherson of Helm Drilling fo... READ MORE

May 19, 2026

McFarlane Intersects 109.6 metres at 0.69 g/t Gold, Drilling at Golden Lake Extends Gold Mineralized Envelope to 750 metres

McFarlane Lake Mining Limited (CSE: MLM) (OTC: MLMLF) (FRA: W2Z) is pleased to announce further resu... READ MORE

May 19, 2026

Asante Provides Financial and Operating Results for the Quarter Ended March 31, 2026

Asante Gold Corporation (TSX-V:ASE) (GSE:ASG) (FRA:1A9) (OTCQX:ASGOF) announces the filing of its fi... READ MORE

May 19, 2026

NexGold Reports Additional Broad, High-Grade Gold, Drill Intercepts at Goldlund, Supporting Mineral Resource Continuity and Expansion Potential

NexGold Mining Corp. (TSX-V: NEXG) (OTCQX: NXGCF) is pleased to provide additional positive result... READ MORE

May 19, 2026

Coppernico Channel Samples Intersect 70.1 m of 0.92% Copper and 0.25 g/t Gold at Nioc

Coppernico Metals Inc. (TSX: COPR) (OTCQB: CPPMF) (FSE: 9I3) is pleased to announce additional surfa... READ MORE

May 19, 2026

Copyright 2026 The Prospector News