GETTY COPPER INC. CLOSES PRIVATE PLACEMENT

About this update from Getty Copper Inc.

[{"type":"text","content":"\n\n\n\n GETTY COPPER INC. CLOSES PRIVATE PLACEMENT\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.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n Trading Symbol TSX V: GTC\n \n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n June 25, 2025\n \n\n /CNW/ - Getty Copper Inc. (the \"Company\") (TSXV: GTC) is pleased to announce that it has closed the Company's non-brokered private placement, which was announced on\n \n May 14, 2025\n \n and updated\n \n June 9, 2025\n \n , by issuing 12,000,000 flow-through units at\n \n $0.05\n \n per unit for proceeds of\n \n $600,000\n \n (the \"FT Units\") and 2,500,000 non flow-through units at\n \n $0.04\n \n per unit for proceeds of\n \n $100,000\n \n (the \"NFT Units\")\n \n\n Each FT Unit consists of one flow-through common share and one whole warrant which will entitle the holder to purchase one common share at a price of\n \n $0.075\n \n per share for a period of two years from issuance.\n \n\n Each NFT Unit consists of one common share and one whole warrant which will entitle the holder to purchase one common share at a price of\n \n $0.075\n \n per share for a period of two years from issuance.\n \n\n All securities issued in connection with the private placement are subject to a four–month statutory hold period.\n \n\n The Company paid no finders fees in connection with the private placement.\n \n\n A portion of the Offering (1,500,000 FT Units and 625,000 NFT Units) for a total of\n \n $100,000\n \n ) being purchased by the John B Pub Ltd. (a company controlled by John Lepinski, an insider of the Issuer) represents a related party transaction. The transaction is exempt from the valuation and minority approval requirements of the TSXV Venture listings Policy 5.9 and Multilateral Instrument 61-101 under certain exemptions including the exemption if the fair market value of the transaction does not exceed 25% of the Issuer's market capitalization.\n \n\n The proceeds of the private placement will be used to conduct exploration programs on the Company's mineral properties and for ...

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