CopperCorp Announces Private Placement

About this update from Coppercorp Resources, Inc.

[{"type":"text","content":"CopperCorp Announces Private PlacementVancouver, British Columbia--(Newsfile Corp. - December 6, 2023) - CopperCorp Resources Inc. (TSXV: CPER) (FSE: NU0) (\"CopperCorp\" or the \"Company\") is pleased to announce a non-brokered private placement of up to 14,285,715 units of the Company (\"Units\") at a price of C$0.07 per Unit for gross proceeds of up to C$1.0 million (the \"Private Placement\"). Each Unit will consist of one common share in the capital of the Company (a \"Share\") and one common share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.12 per Share for a period of two years from closing of the Private Placement.The Company intends to use the net proceeds of the Private Placement for exploration drilling and development of the Company's Razorback property, located in western Tasmania, Australia, and for general working capital and administrative purposes.CopperCorp may pay finder's fees on some portion of the gross proceeds of the Private Placement to certain arms-length parties who assist the Company in introducing subscribers to the Private Placement. The Private Placement is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The securities issued under the Private Placement will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the Private Placement.Members of the Company's management team may participate in the Private Placement including subscriptions from related parties of the Company as defined in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The participation of management in the Private Placement is exempt from formal valuation and minority shareholder approval requirements pursuant to exemptions contained in sections 5.5(c) and 5.7(1)(a) of MI 61-101.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be 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 within the United States or to U.S. Persons unless register...

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