- Infinitum Copper Corp. (INFI) has announced a non-brokered private placement for gross proceeds of up to $1,000,000
- The company will issue up to 5,000,000 units priced at $0.20 per unit
- Proceeds will be used primarily to fund exploration at La Adelita project in Sonora State, Mexico and the Hot Breccia project in Arizona
- Infinitum Copper Corp is a mineral exploration company
- Infinitum Copper Corp. (INFI) opened trading at C$0.18 per share
Infinitum Copper Corp. (INFI) has announced a non-brokered private placement for gross proceeds of up to $1,000,000.
The company will issue up to 5,000,000 units priced at $0.20 per unit. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for a period of two years.
Steve Robertson, CEO of Infinitum Copper, commented on the news.
“Our initial exploration efforts at La Adelita project in Sonora Mexico have helped us validate the project as a true district scale opportunity with numerous high-grade copper and gold targets. This financing will allow us to expand our plan and pursue some of these new targets. At our recently acquired Hot Breccia project in Arizona we will continue to move aggressively to get the project drill ready.”
Proceeds will be used primarily to fund exploration at La Adelita project in Sonora State, Mexico and the Hot Breccia project in Arizona.
The securities issued will be subject to a four month restricted resale period.
Infinitum Copper Corp is a mineral exploration company with interests in the Adelita Project in Sonora, Mexico.
Infinitum Copper Corp. (INFI) opened trading at C$0.18 per share.