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NORTHWEST COPPER ANNOUNCES BEST EFFORTS PRIVATE PLACEMENT FOR UP TO $10 MILLION
NORTHWEST COPPER ANNOUNCES BEST EFFORTS PRIVATE PLACEMENT FOR UP TO $10 MILLION Canada Ne...
About this update from Northwest Copper Corp.
[{"type":"text","content":"\n\n\nNORTHWEST COPPER ANNOUNCES BEST EFFORTS PRIVATE PLACEMENT FOR UP TO $10 MILLION\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\n/Not for distribution to United States newswire services or for dissemination in the United States/TORONTO, April 13, 2026 /CNW/ - NorthWest Copper (\"NorthWest\" or the \"Company\") (TSX-V: NWST) is pleased to announce that it has entered into an agreement with Stifel Nicolaus Canada Inc. (\"Stifel Canada\"), to act as sole bookrunner and co-lead agent with Canaccord Genuity Corp. (together with Stifel Canada, the \"Agents\") in connection with a \"best efforts\" private placement offering by the Company for aggregate proceeds of up to $10 million (the \"Offering\").\nThe Offering will consist of the following securities (\"Offered Securities\"):Hard dollar units (the \"HD Units\") will be sold at a price of $0.35 per HD Unit,Charity flow-through units (the \"CFT Units\") will be sold at a price of $0.515 per CFT Unit, andFlow-through shares (the \"FT Shares\") will be sold at a price of $0.41 per FT Share.The total number of HD Units, CFT Units and FT Shares will be determined by the Agent based on investor demand. Each HD Unit and CFT Unit will consist of one common share (\"Common Share\") of the Company 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 an exercise price of 0.45 for a period of 24 months following closing of the Offering.The Corporation has granted the Agents an option to sell up to an additional 15% of the aggregate amount of the Offered Securities (the \"Agents' Option\"), on the same terms and conditions of the Offering. The Agents' Option will be exercisable, in whole or in part to offer additional Hard Dollar Units, FT Shares or Charity FT Units in any combination, at any time up until 48 hours prior to the closing of the Offering.The net proceeds from the Offering will be used to complete an updated Preliminary Economic Assessment on the Company's Kwanika-Star...