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Gunnison Copper Announces Private Placement for Gross Proceeds of up to C$15.0 Million
Phoenix, Arizona--(Newsfile Corp. - October 10, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB:...
About this update from Gunnison Copper Corp.
[{"type":"text","content":"Gunnison Copper Announces Private Placement for Gross Proceeds of up to C$15.0 MillionPhoenix, Arizona--(Newsfile Corp. - October 10, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0) (\"Gunnison\" or the \"Company\") is pleased to announce a non-brokered private placement (the \"Offering\") for gross proceeds of up to C$15 million from the sale of up to 33,333,333 units of the Company (each, a \"Unit\") at a price of C$0.45 per Unit. Red Cloud Securities Inc. will be acting as a finder in connection with the Offering.Each Unit will consist of one common share of the Company (each, a \"Common Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$0.65 at any time for a period of 36 months following the issue date. The Company intends to use to use the net proceeds from the Offering 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.Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), up to 24,858,878 Units (the \"LIFE Units\") will be offered for sale to purchasers in all of the provinces of Canada, except Québec (the \"Canadian Selling Jurisdictions\") pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the \"Listed Issuer Financing Exemption\"). The securities issuable pursuant to the sale of the LIFE Units are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada. The up to 8,474,455 Units not sold pursuant to the Listed Issuer Financing Exemption (the \"Non-LIFE Units\") will be offered: (a) by way of private placement in the Canadian Selling Jurisdictions pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws; (b) in the United States or to, or for...