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Coast Copper Announces Non-Brokered Financing of up to $600,000
Coast Copper Announces Non-Brokered Financing of up to $600,000 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 $600,000\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 May 8, 2024\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 10,000,000 units of the Company (the \"\n \n Units\n \n \") at an issue price of\n \n $0.06\n \n per Unit for gross proceeds of up to\n \n $600,000\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 $0.12\n \n per share with an expiry date (\"\n \n Expiry Date\n \n \") of 36 months after completion of the Offering (the \"\n \n Closing Date\n \n \").\n \n \n The gross proceeds raised from the Offering will be used:\n \n \n \n to make the final payment due\n \n September 2024\n \n in relation to the Company's optioned Empire Mine property mineral claims;\n \n \n to conduct field work on the newly acquired Sully property located adjacent to the PJX Resources Inc.'s\n \n Dewdney Trail\n \n property¹ (see news release\n \n \n February 12, 2024\n \n \n );\n \n \n to continue Coast Copper's strategic mineral property acquisition program; and\n \n \n for working capital and general corporate purposes.\n \n \n \n The Company may pay finders fees in accordance with the rules and policies of the TSX Venture Exchange (the \"\n \n Exchange\n \n \"). The Offering remains subject to customary closing conditions including the approval of the Exchange. All securities issued in the Offering will be subject to a statutory hold period...