Infinitum Copper Announces C$450,000 Private Placement

About this update from Infinitum Copper Corp

[{"type":"text","content":"Infinitum Copper Announces C$450,000 Private PlacementVANCOUVER, BC / ACCESSWIRE / March 4, 2024 / Infinitum Copper Corp. (TSXV:INFI)(OTCQB:INUMF) (\"Infinitum\" or the \"Company\") is pleased to announce a private placement to raise gross proceeds of up to C$450,000 through the issue of up to 22,500,000 units of the Company (the \"Units\") at a price of C$0.02 per Unit (the \"Offering\").Each Unit will be comprised of one common share of the Company (each, a \"Common Share\") and one Common Share purchase warrant (each, a \"Warrant\" and together with the Common Share, the \"Offered Securities\"), with each Warrant entitling the holder thereof to purchase one additional Common Share at a price of C$0.03 per Common Share for a period of 24 months following the closing date of the Offering.The Company intends to use the net proceeds of the Offering for the establishment of mining operations at the La Adelita project and general corporate purposes.\"We are looking forward to commencing mining operations at La Adelita. Not only will this provide a revenue stream for the company but we will also gain valuable knowledge of the mineralised body\" commented Matt Hudson, CEO.The closing date of the Offering is expected to occur on or about March 31, 2024, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval from the TSX Venture Exchange.Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the offering is being made only to \"accredited investors\" (as defined in NI 45-106 and, in Ontario, section 73.3 of the Securities Act (Ontario)) or other eligible investors. There is an offering document relating to the Offering that can be accessed under the Company's profile at www.sedar.com and on the Company's website at https://infinitumcopper.com/. Prospective investors should read this offering document before making an investment decision.On Behalf of the Board of Directors ofINFINITUM COPPER CORP.Matt HudsonChief Executive [email protected] TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release....

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