Allied Copper Announces $2.5 Million Non-Brokered Financing

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[{"type":"text","content":"Allied Copper Announces $2.5 Million Non-Brokered FinancingVancouver, British Columbia--(Newsfile Corp. - April 9, 2021) - Allied Copper Corp. (TSXV: CPR) (\"Allied Copper\" or the \"Company\") is pleased to announce a non-brokered private placement of up to 8,333,333 units in the capital of the Company (the \"Units\") at a price of $0.30 per Unit for gross proceeds of up to $2,500,000 (the \"Offering\"). Each Unit will be comprised of one common share in the capital of the Company (each, a \"Common Share\") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a \"Warrant\"). Each Warrant shall entitle the holder to acquire one (1) Common Share at the exercise price of $0.45 for a period of twenty-four (24) months from the date of issuance, provided however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed CDN$0.90 for 20 consecutive trading days at any time following the date of issuance, the Company may accelerate the Warrant Term (the \"Reduced Warrant Term\") such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term.All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The net proceeds from the sale of the Units will be used for general working capital purposes.The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.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 United States Securities Act of 1933, as amended (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 Allied CopperAllied Cop...

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