Business
Coast Copper Closes Financing of $1.665M and Receives Scottie West Payment
Coast Copper Closes Financing of $1.665M and Receives Scottie West Payment Cana...
About this update from Coast Copper Corp
[{"type":"text","content":"\n \n \n \n Coast Copper Closes Financing of $1.665M and Receives Scottie West Payment\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. 29, 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) is pleased to announce that it has completed its previously announced non-brokered private placement (the \"\n \n Offering\n \n \") (see news releases dated\n \n \n November 5, 2021\n \n \n and\n \n \n November 16, 2021\n \n \n ), issuing 8,961,539 flow-through units (the \"\n \n FT Units\n \n \") at an issue price of\n \n $0.13\n \n per FT Unit and issuing 5,000,000 non flow-through units (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\n \n $1,665,000\n \n .\n \n \n Each FT Unit consists of one common share, on a FT eligible basis, 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\n \n May 25, 2023\n \n . If, at any time after completion, 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 pr...