Coppernico Announces $15 Million Financing Including a Major Mining Company as a Strategic Investor [Yahoo! Finance]
MINERCO INC (MINE)
NASDAQ:AMEX Investor Relations:
investorshub.advfn.com/minerco-inc-mine-17939
Company Research
Source: Yahoo! Finance
VANCOUVER, BC / ACCESSWIRE / May 2, 2024 / Coppernico Metals Inc. ("Coppernico" or the "Company") is pleased to announce that it has signed a non-binding term sheet with a major international mining company (" MinerCo ") pursuant to which MinerCo intends to purchase an initial 9.9% shareholding in the Company as part of a private placement financing (the " Offering ") with a minimum total gross proceeds of C$15 million, inclusive of MinerCo's participation. MinerCo will be identified at the time of completion of the Offering. The Company has retained 3L Capital Inc. and Beacon Securities Limited as co-lead agents on behalf of a syndicate of agents to offer equity units (" Units ") at a price of C$0.50 per Unit on a best efforts basis. Each Unit will consist of one common share of the Company (a " Share ") and one half of a Share purchase warrant (each whole Share purchase warrant, a " Warrant "). Each Warrant will be exercisable to acquire an additional Share at a price of C$0.75 f
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