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Coast Copper Announces Non-Brokered Financing of up to $400,000
Coast Copper Announces Non-Brokered Financing of up to $400,000 Canada NewsWire...
About this update from Coast Copper Corp
[{"type":"text","content":"\n \n \n \n Coast Copper Announces Non-Brokered Financing of up to $400,000\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.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\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 \n VANCOUVER, BC\n \n \n ,\n \n \n Sept. 16, 2022\n \n \n /CNW/ -\n \n Coast Copper Corp. (\"Coast Copper\" or the \"Company\")\n \n (TSXV: COCO) announces it is undertaking a non-brokered private placement comprised of up to 8,000,000 units of the Company (the \"\n \n Units\n \n \") at an issue price of\n \n $0.05\n \n per Unit for gross proceeds of up to\n \n $400,000\n \n (the \"\n \n Offering\n \n \").\n \n \n Each Unit will consist of one common share in the capital of Coast Copper and one non-transferable common share purchase warrant, with each warrant entitling the holder to acquire an additional common share of the Company at an exercise price of\n \n $0.10\n \n per share with an expiry date (\"\n \n Expiry Date\n \n \") of 24 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 $0.20\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 unexercised warrants shall automatically expire at the end of the Accelerated Exercise Period.\n \n \n The net proceeds from the issuance of Units will be used for working capital and general corporate purposes.\n \n \n The Offe...