Kutcho Copper Announces Closing of $3,000,000 Flow-Through Financing

About this update from Kutcho Copper Corp

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) ("Kutcho Copper" or the "Company") announces that it has closed its non-brokered flow-through private placement (the "Private Placement") to raise total proceeds of $3,000,000. The Company issued 6,976,744 units consisting of flow-through units ("FT Units") at a price of $0.43 per FT Unit of the Company for gross FT Unit proceeds of $2,999,999.92. Each FT Unit will consist of one flow-through share in the capital of the Company (each, a "FT Share") and one-half of one transferable common share purchase warrant (each whole, a "Warrant"). Each Warrant is exercisable at a price of $0.55 per common share (a "Warrant Share") for a period of 24 months from the closing date. Each FT Share will be a common share in the capital of the Company that will qualify as a "flow-through share" for the purposes of the Income Tax Act (Canada)(the "Tax Act"). The Warrant Shares will not qualify as "flow-through shares" for the purposes of the Tax Act. The Company intends to use the gross proceeds raised from the sale of FT Shares (comprised within the FT Units) for exploration on its Kutcho copper-zinc property in British Columbia that will qualify as "Canadian exploration expense" and "flow-through critical mineral mining expenditure" (both within the meaning of the Tax Act) and which will be incurred on or before December 31, 2027 and renounced with an effective date no later than December 31, 2026 to the initial purchasers of FT Shares (comprised within the FT Units). The closing of the Private Placement is subject to the Company's receipt of final TSX Venture Exchange approval. In connection with the Private Placement, the Company issued 247,604 non-transferable finder warrants having the same terms as the Warrants and paid cash fees of $72,424.18 to registered firms. All securities issued under the Private Placement have a hold period of four months and a day from the date of issuance. The securities to be offered pursuant to the Private Placement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or ...

View stock analysis, news, and events for Kutcho Copper Corp