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Faraday Copper Announces up to C$100 Million Private Placement with Participation by the Lundin Family Trust and BHP
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / February 23, 2026 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce ...
About this update from Faraday Copper Corp
[{"type":"text","content":"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES","length":97,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / February 23, 2026 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce a non-brokered private placement financing for aggregate gross proceeds of up to C$100,002,000 (the "Offering") from strategic and other investors, including Lundin Family Trusts (as defined below) and a wholly owned subsidiary of BHP Group Limited ("BHP"). The Company intends to use the net proceeds from the Offering primarily for the ongoing advancement of copper projects in Pinal County, Arizona, including transaction expenses in connection with the planned acquisition and integration of the San Manuel property from BHP (see news release dated February 20, 2026).","length":762,"tagName":"p"},{"type":"text","content":"Under the terms of the Offering, the Company intends to issue up to 23,810,000 common shares (the "Common Shares") at a price of C$4.20 per Common Share for aggregate gross proceeds of C$100,002,000.","length":209,"tagName":"p"},{"type":"text","content":"The Private Placement is scheduled to close on or about March 11, 2026, and will be subject to regulatory approval, including the approval of the Toronto Stock Exchange (the "TSX") and other customary closing conditions for a transaction of this nature including, but not limited to, execution of subscription agreements between the Company and the subscribers.","length":371,"tagName":"p"},{"type":"text","content":"The Common Shares will be issued on a private placement basis pursuant to exemptions from prospectus requirements under applicable securities laws and will be subject to a statutory hold period of four months and one day from the date of issuance.","length":247,"tagName":"p"},{"type":"text","content":"Trusts settled by the late Adolf H. Lundin (the "Lundin Family Trusts") have indicated their intention to participate in the Offering. Any such participation would be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), as a private entity controlled b...