Business
Western Troy Announces Private Placement
Toronto, Ontario--(Newsfile Corp. - November 23, 2021) - Western Troy Capital Resources Inc. (...
About this update from Global Copper Corp
[{"type":"text","content":"Western Troy Announces Private PlacementToronto, Ontario--(Newsfile Corp. - November 23, 2021) - Western Troy Capital Resources Inc. (TSXV: WRY.H) (the \"Company\") is pleased to announce a non-brokered private placement through the issuance of up to 4,200,000 units (\"Unit\") at a price of $0.125 per Unit for gross proceeds of up to $525,000 (the \"Offering\"). Each Unit shall be comprised of one common share (\"Common Share\") in the capital of the Company and one Common Share purchase warrant (\"Warrant\") of the Company. Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.20 per Common Share for a period of one (1) year from the closing date (the \"Closing Date\") of the Offering. All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The net proceeds from the sale of the Units will be used for general working capital purposes. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. Closing of the Offering is anticipated to occur on or about December 15, 2021. This news release does not constitute an offer to sell or a solicitation of an offer to sell 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 registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.In addition, the Company announces the appointment of James Fairbairn as the Chief Financial Officer of the Company in place of Mr. Stephen Dunn who had been acting as the Company's Interim Chief Financial Officer. Mr. James Fairbairn has over 30 years of experience in accounting, financial management, corporate finance and mergers & acquisitions. In addition to his executive management experience, he is well acquainted with key corporate governance issues having served on numerous boards of both public and private companies. Mr. Fair...