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Kutcho Copper Announces $5 Million Private Placement
VANCOUVER, British Columbia, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Kutcho Copper Corp. (TSX-V: KC) (OTCQX: KCCFF) (“Kutcho Copper” or the “Company”) announces that
About this update from Kutcho Copper Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Kutcho Copper Corp. (TSX-V: KC) (OTCQX: KCCFF) (“Kutcho Copper” or the “Company”) announces that it has arranged a non-brokered private placement (the “Private Placement”) to raise total proceeds of $5,000,000. The Private Placement will consist of up to 5,263,158 shares priced at $0.95 per share for gross proceeds up to $5,000,000. Vince Sorace, President and CEO of Kutcho Copper stated: “With the recent announcement of our feasibility study showcasing very attractive project economics and offering significant upside at current copper prices, we have continued to attract certain fundamental investors who believe in the immediate and long term upside potential of the Company. This financing is being done with one such investor. In addition, the Company is evaluating a number of accretive and strategic opportunities already in front of us, on our path towards a positive construction decision,” said Mr. Sorace. “Kutcho Copper is uniquely positioned with a feasibility-stage, high-grade, low-cost development project in a Tier 1 jurisdiction supported by a thriving copper market. As a result, we believe the Company is one of the most undervalued copper investment opportunities in North America, with significant upside given our current price levels and a robust copper outlook.” Proceeds of the Private Placement will be used to advance the Kutcho project through permitting and for general working capital purposes. The completion of the Private Placement is subject to approval of the TSX Venture Exchange (“TSXV”). All shares issued under the Private Placement will bear a hold period of four months and one day from the date of issuance. The Company may pay finder’s fees in connection with Private Placement as permitted by applicable securities laws and the rules of the TSXV. The Company expects to close the Private Placement around December 15, 2021. Vince SoracePresident & CEO, Kutcho Copper Corp. For further information regarding Kutcho Copper Corp., please email [email protected] or visit our website at www.kutcho.ca. Cautionary Note Regarding Forward-Looking Statements Neither the 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 rel...