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Coast Copper Announces Increase of Non-Brokered Financing to $1.665M
Coast Copper Announces Increase of Non-Brokered Financing to $1.665M Canada New...
About this update from Coast Copper Corp
[{"type":"text","content":"\n \n \n \n Coast Copper Announces Increase of Non-Brokered Financing to $1.665M\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n TSX.V: COCO\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 16, 2021\n \n /CNW/ -\n \n Coast Copper Corp. (\"Coast Copper\" or the \"Company\")\n \n (TSXV: COCO) (formerly Roughrider Exploration Limited) is pleased to announce that due to strong investor demand, it has increased its previously announced non-brokered private placement (the \"\n \n Offering\n \n \") (see news release dated\n \n \n November 5, 2021\n \n \n ) from 8,000,000 flow-through units (the \"\n \n FT Units\n \n \") of the Company at a price of\n \n $0.13\n \n per unit for gross proceeds of up to\n \n $1,040,000\n \n to up to 8,961,539 FT Units for gross proceeds of up to\n \n $1,165,000\n \n . The previously announced 5,000,000 non flow-through units (the \"\n \n NFT Units\n \n \") of the Company at an issue price of\n \n $0.10\n \n per NFT Unit for gross proceeds of up to\n \n $500,000\n \n will remain unchanged. The composition and terms of the NFT and FT Units has not changed so please refer to the Company's\n \n \n November 5, 2021\n \n \n news release for details.\n \n \n The gross proceeds raised from the issuance of FT Units will be used by Coast Copper to incur eligible Canadian exploration expenses (\"\n \n CEE\n \n \") that will qualify as FT mining expenditures as such terms are defined in the Income Tax Act (\n \n Canada\n \n ) related to the Company's projects in\n \n British Columbia\n \n . The Company will renounce such CEE with an effective date of no later than\n \n December 31, 2021\n \n , with CEE to be incurred prior to\n \n December 31, 2022\n \n . The net proceeds from the issuance of NFT Units will be used for working capital and general corporate purposes.\n \n \n The Offering remains subject to the approval of t...