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Gunnison Copper Announces Closing of Private Placement for Gross Proceeds of C$13.1 Million
Phoenix, Arizona--(Newsfile Corp. - October 30, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB:...
About this update from Gunnison Copper Corp.
[{"type":"text","content":"Gunnison Copper Announces Closing of Private Placement for Gross Proceeds of C$13.1 MillionPhoenix, Arizona--(Newsfile Corp. - October 30, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0) (\"Gunnison\" or the \"Company\") is pleased to announce the closing of its previously announced non-brokered financing for aggregate gross proceeds of C$13,112,270.10 from the issuance of 29,138,378 Units. This total comprises: (i) a LIFE (defined below) offering of 24,858,878 Units for gross proceeds of C$11,186,495.10 (the \"LIFE Offering\"); and (ii) a concurrent 4-Month Hold offering of 4,279,500 Units for gross proceeds of C$1,925,775 (the \"Hold Offering\", and together with the LIFE Offering, the \"Offering\").Each Unit, issued at a price of C$0.45 per Unit, consists of one common share of the Company (a \"Common Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder to purchase one Common Share at a price of C$0.65 for a period of 36 months from the date of issuance. Net proceeds from the Offering will be used for drilling, metallurgical testing and permitting activities that will be incorporated in a pre-feasibility study for the Gunnison Copper Project, funding US head office general and administrative expenses, partial repayment of outstanding debt due to Nebari, and for general working capital purposes.The LIFE Offering Units were sold to purchasers resident in Canada pursuant to the listed issuer financing exemption (\"LIFE\") under Part 5A of National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issuable pursuant to the sale of the LIFE Offering Units to purchasers resident in Canada are immediately freely tradeable under applicable Canadian securities legislation. The Hold Offering Units were offered by way of private placement in Canada and in jurisdictions outside of Canada on a private placement or equivalent basis, in each case in accordance with all applicable laws. The securities issuable pursuant to the sale of Hold Units will be subject to a four-month hold period in Canada pursuant to applicable Canadian securities laws that expires March 1, 2026.Red Cloud Securities Inc. and ...