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Coast Copper Announces Non-Brokered Financing for up to $1.54M
Coast Copper Announces Non-Brokered Financing for up to $1.54M Canada NewsWire ...
About this update from Coast Copper Corp
[{"type":"text","content":"\n \n \n \n Coast Copper Announces Non-Brokered Financing for up to $1.54M\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. 5, 2021\n \n /CNW/ -\n \n Coast Copper Corp. (\"Coast Copper\" or the \"Company\")\n \n (TSXV: COCO)\n \n \n (formerly Roughrider Exploration Limited) announces it is undertaking a non-brokered private placement comprised of up to 8,000,000 flow-through units of the Company (the \"\n \n FT Units\n \n \") at an issue price of\n \n $0.13\n \n per FT Unit and up to 5,000,000 non flow-through units of the Company (the \"\n \n NFT Units\n \n \") at an issue price of\n \n $0.10\n \n per NFT Unit for gross proceeds of up to\n \n $1,540,000\n \n (the \"\n \n Offering\n \n \").\n \n \n Each FT Unit will consist of one common share in the capital of Coast Copper and one-half of one non-transferable common share purchase warrant, with each whole warrant entitling the holder to acquire an additional common share of the Company at an exercise price of\n \n $0.15\n \n per share with an expiry date (\"\n \n Expiry Date\n \n \") of 18 months after completion of the Offering (the \"\n \n Closing Date\n \n \"). If, at any time after the Closing Date, the volume weighted average trading price of Coast Copper's common shares on the TSX Venture Exchange (the \"\n \n Exchange\n \n \"), or other principal exchange on which the common shares are listed, is greater than\n \n $0.225\n \n for 10 consecutive trading days, the Company may, at its option, deliver a notice to the holders of the warrants accelerating the Expiry Date to the date that is 30 days following the date of such notice (the \"\n \n Accelerated Exercise Period\n \n \"). Concurrent with the giving of such notice, the Company will also issue a press release disclosing the Accelerated Exercise Period. Any unexercis...