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Gunnison Copper Announces Closing of Second and Final Tranche of Private Placement
Phoenix, Arizona--(Newsfile Corp. - October 31, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB:...
About this update from Gunnison Copper Corp.
[{"type":"text","content":"Gunnison Copper Announces Closing of Second and Final Tranche of Private PlacementPhoenix, Arizona--(Newsfile Corp. - October 31, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0) (\"Gunnison\" or the \"Company\") is pleased to announce the closing of a second and final tranche of its previously announced non-brokered private placement (the \"Offering\") for aggregate gross proceeds of C$150,000.30 from the issuance of 333,334 Units (each a \"Unit\") to a single institutional investor. 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 at any time on or before October 31, 2028. The securities issuable pursuant to the sale of the Units will be subject to a four-month hold period in Canada pursuant to applicable Canadian securities laws that expires on March 1, 2026. The Company raised aggregate gross proceeds of approximately C$13.3 million under the Offering. Please refer to the Company's press release dated October 30, 2025 for additional details.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 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.ABOUT GUNNISON COPPERGunnison Copper Corp. is a multi-asset pure-play copper developer and producer that controls the Cochise Mining District (the district), containing 12 known deposits within an 8 km economic radius, in the Southern Arizona Copper Belt.Its flagship asset, the Gunnison Copper Project, has a Measured and Indicated Mineral Resource containing over 831.6 million tons with a total copper grade of 0.31% (Measured Mineral Resource of 191.3 million tons at 0.37% and Indicated Mineral Resource of 640.2 million tons at 0.29%), and a preliminary economic assessment (\"PEA\") yielding robust economics including an NPV8% of $1.3 billion, IRR of 20.9%, and payback period of 4.1 y...