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Getty Copper Announces Closing of $15M Brokered Subscription Receipt Financing
Getty Copper Announces Closing of $15M Brokered Subscription Receipt Financing Canada New...
About this update from Getty Copper Inc.
[{"type":"text","content":"\n\n\nGetty Copper Announces Closing of $15M Brokered Subscription Receipt Financing\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\n\n\n\n\nCanada NewsWire\n\n\nVANCOUVER, BC, Dec. 4, 2025 /CNW/ - Getty Copper Inc. (TSXV: GTC) (\"Getty\" or the \"Company\") is pleased to announce that, further to its press release dated November 17, 2025, the Company and its proposed acquisition target, 1390120 B.C. Ltd. (\"Numberco\"), have closed a brokered private placement (the \"Offering\") of 125,000,000 subscription receipts of Getty and Numberco (collectively, the \"Subscription Receipts\") at a price of $0.12 per Subscription Receipt (\"Issue Price\"), for gross proceeds of $15,000,000.\nThe Offering was completed pursuant to an agency agreement dated December 4, 2025 (the \"Agency Agreement\") among Getty, Numberco, Clarus Securities Inc. (\"Clarus\"), Velocity Capital Partners (\"Velocity\", together with Clarus, the \"Lead Agents\") and Raymond James Ltd. (collectively with the Lead Agents, the \"Agents\").  The Subscription Receipts are governed by the terms of a subscription receipt agreement in respect of the Subscription Receipts of Getty and a subscription receipt agreement in respect of the Subscription Receipts of Numberco (collectively, the \"Subscription Receipt Agreements\"), each dated December 4, 2025 and entered among Getty, Numberco, Clarus and Computershare Trust Company of Canada in the capacity as the subscription receipt agent (the \"Escrow Agent\"). The gross proceeds of the Offering, less the cash portion of the Agents' commission and the Agents' expenses, have been deposited with the Escrow Agent and will remain in escrow pending satisfaction of the escrow release conditions set out in the Subscription Receipt Agreements (the \"Escrow Release Conditions\"), including the completion of all condition's precedent to the proposed amalgamation between Numberco and Getty's wholly owned subsidiary, 1560326 B.C. Ltd. (the \"Amalgamation\"). Please see Getty's press release dated November 17, 2025 for further details regarding the Amalgamation.\nThe proceeds of the Of...