The Prospector News

Copper Giant Announces Closing of Public Offering of Units for Gross Proceeds of C$5.8 Million

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Copper Giant Announces Closing of Public Offering of Units for Gross Proceeds of C$5.8 Million

Copper Giant Resources Corp. (TSX-V: CGNT) (OTCQB: LBCMF) is pleased to announce the closing of its previously announced “best efforts” public offering for gross proceeds of C$5,750,276, which includes the full exercise of the Agents’ (as defined herein) over-allotment option. Under the Offering, the Company sold 20,536,700 units of the Company at a price of C$0.28 per Unit. Red Cloud Securities Inc., as lead agent and sole bookrunner, and Research Capital Corporation acted as agents in connection with the Offering.

Each Unit consists of one common share in the capital of the Company and one common share purchase warrant. Each Warrant entitles the holder to purchase one common share in the capital of the Company at a price of C$0.40 at any time on or before November 10, 2028.

The net proceeds from the Offering will be used by the Company for the exploration and advancement of the Company’s Mocoa copper-molybdenum project in southern Colombia as well as for working capital and general corporate purposes.

The Offering was completed pursuant to a prospectus supplement filed in each of the provinces and territories of Canada (except Quebec) and dated November 3, 2025 that supplemented the Company’s short form base shelf prospectus dated November 29, 2024. The Offering remains subject to the final approval of the TSX Venture Exchange.

In consideration for their services in connection with the Offering, the Agents received a total cash commission of C$328,216.56 and were issued 1,172,202 non-transferable warrants of the Company. Each Broker Warrant entitles the holder thereof to purchase one common share in the capital of the Company at a price of C$0.40 at any time on or before November 10, 2028.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

Update regarding Copper Giant partnering with Orbiton Capital

The Company wishes to clarify the terms of the analytics and AI software services agreement with Orbiton Capital Corp. as previously announced on October 22, 2025.  In addition to the terms of the Agreement summarized in the prior news release, if the Company chooses to extend the agreement, all terms will remain the same for no additional consideration.  If any terms are amended, the Agreement will be subject to the prior approval of the TSX-V.

About Copper Giant

Copper Giant Resources Corp. is part of the Fiore Group, a private and well-established Canadian organization known for building successful, high-impact companies across the natural resource sector. Copper Giant was formed with a singular focus: to advance high-quality copper projects beyond resource definition–responsibly, efficiently, and with long-term positive impact.

The Company is led by a team with uncommon experience, having successfully taken some of the few major copper mines developed in the past two decades from discovery through to construction.

Copper Giant’s current focus is the Mocoa copper-molybdenum deposit in southern Colombia, one of the largest undeveloped resources of its kind in the Americas. Recent exploration success has revealed potential well beyond its original footprint, highlighting Mocoa as a broader district-scale opportunity–and the catalyst for the Company’s name and evolution.

Guided by the values of respect and responsibility, and grounded in its Good Neighbor philosophy, Copper Giant is committed to creating enduring values for all stakeholders and playing a meaningful role in the global energy transition.

Posted November 10, 2025

Share this news article

MORE or "UNCATEGORIZED"


Founders Metals Closes $50,000,000 Strategic Investment by Gold Fields

Founders Metals Inc. (TSX-V: FDR) (OTCQX: FDMIF) (FSE: 9DL0) is pleased to announce that it has clos... READ MORE

November 10, 2025

Foremost Clean Energy Reports High-Grade Gold Results from First Two Holes of 2025 Jean Lake Drill Program Highlighted by 10.7 g/t Au over 5.6 m Including 82 g/t Au over 0.7 m

Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT), is pleased to announce that it has the receip... READ MORE

November 10, 2025

Dolly Varden Silver Intersects 26.74 g/t Gold over 14.76 meters, including 122 g/t Gold over 2.85 meters at Homestake Silver Deposit

Dolly Varden Silver Corporation (TSX-V: DV) (NYSE American: DVS) (FSE: DVQ) is pleased to report res... READ MORE

November 10, 2025

ESGold Completes Montauban Mill Building Construction and Moves Toward Production Readiness

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is pleased to announce the completion of the main... READ MORE

November 10, 2025

Copyright 2025 The Prospector News