Business
Interra Copper Announces Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2023) - Interra Copper Corp. (CSE: IMCX) (FSE: 3MX) ("Interra" or the "Company") is pleased to anno
About this update from Copper Quest Exploration Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - September 22, 2023) - Interra Copper Corp. (CSE: IMCX) (FSE: 3MX) (\"Interra\" or the \"Company\") is pleased to announce a non-brokered private placement of $2,000,000 units of the Company (the \"Units\" and each, a \"Unit\") at a price of $0.20 per Unit (the \"Private Placement\"). Each Unit shall consist of one common share in the capital of the Company (a \"Share\") and one Share purchase warrant (a \"Warrant\"), whereby each Warrant shall be exercisable at $0.25 into an additional Share for a period of 36 months from the date of issuance. Proceeds from the sale of the Units will be used for general working capital purposes and to commence activities on the Rip Project acquisition. Closing of the Private Placement, subject to the receipt of all necessary regulatory and other approvals, is anticipated to occur prior to the end of September 2023. All securities issued pursuant to the Private Placement will be subject to a statutory hold period under applicable Canadian securities laws of four months and one day from the date of closing of the Private Placement. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or any state securities laws, and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. On behalf of the Board of Interra Copper Corp. Rick GittlemanInterim CEO & Chairman For further information contact: Katherine PrydeInvestor [email protected] Forward-Looking Information This news release contains certain \"forward-looking information\" and \"forward-looking statements\" (collectively \"forward-looking statements\") within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as \"expects\", \"anticipates\", \"believes\", \"intends\", \"estimates\", \"potential\", \"possible\", and similar expressions, or statements that event...