Business
GETTY TO RAISE $600,000
GETTY TO RAISE $600,000
About this update from Getty Copper Inc.
[{"type":"text","content":"\n\n\n\n Nov. 15, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, Nov. 15 /CNW/ - Getty Copper Inc. (TSX-V: "GTC") ("Getty") announces that it will be seeking to raise up to $600,000 through the\n issuance of up to 5 million common shares at $0.12 each through a\n private placement to accredited investors. Certain parties will assist\n with the financing and will receive a customary referral fee plus 10%\n finder's warrants in consideration of referrals of participating\n investors. No fees will be payable on insider participation which is\n expected to be up to 10%. The terms of the placement and finders fees\n are subject to TSX venture acceptance. Completion is targeted for end\n of November and is subject to the negotiation and execution of\n definitive agreements as well as customary closing conditions. Proceeds\n will be used for exploration and general corporate purposes. The shares\n will be offered only in Canada.\n\n\nAbout Getty Copper Inc.\n\n\nGetty is a Vancouver based company focussing efforts on advancing its\n 200 square kilometre copper property which is immediately adjacent to\n Teck's Highland Valley copper mine. Getty recently filed a 43-101\n compliant pre-feasibility study over the two known copper deposits on\n the Getty property which is situated immediately adjacent to BC's\n largest open pit copper mine.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\nDonald Willoughby, CEO.\n\n\nThis release includes certain statements th...