- 8,333,333 units were issued at $0.30 per unit for gross proceeds of $2,500,000
- Each unit is comprised of one common share and one-half of one share purchase warrant
- Each warrant entitles the holder to purchase one common share at the exercise price of $0.45 until April 29, 2023
- Allied Copper is a mineral exploration company focused on acquiring and developing copper-gold assets in the Western U.S.
- Allied Copper Corp. (CPR) opened trading at C$0.53 per share
Allied Copper (CPR) has closed its non-brokered private placement.
8,333,333 units were issued at $0.30 per unit for gross proceeds of $2,500,000.
Each unit is comprised of one common share and one-half of one share purchase warrant.
Each warrant entitles the holder to purchase one common share at the exercise price of $0.45 per common share until April 29, 2023.
Should the closing price exceed $0.90 for 20 consecutive trading days at any time following April 29, 2021, the company may opt to reduce the warrant term.
The company paid a finders fee of $16,380 and 54,600 broker warrants. Each broker warrant can be exercised into one common share at a price of $0.45 until April 29, 2023.
All securities issued will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
The closing of the offering is subject to certain conditions including the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.
Allied Copper is a mineral exploration company focused on acquiring and developing copper-gold assets in the Western United States.
Allied Copper Corp. (CPR) opened trading at C$0.53 per share.