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Allied Copper (TSXV:CPR) announces $2M non-brokered financing

Mining, The Market Online Deal Room
TSXV:CPR
31 January 2023 08:30 (EST)

Source: Allied Copper.

Allied Copper (CPR) announced a non-brokered private placement for gross proceeds of $2,000,000.

The company will issue up to 10,000,000 units at a price of $0.20 per unit. Each unit will include one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of $0.30 for a period of twenty-four months.

The gross proceeds will be used to advance its pilot programs and general corporate matters.

All shares issued are subject to a statutory four-month hold period.

Allied Copper is a mineral exploration company focused on acquiring and developing copper and/or gold assets in the Western U.S.

Allied Copper Corp. (CPR) opened trading at C$0.21.


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