- Interra Copper (IMCX) has closed a non-brokered private placement for gross proceeds of $201,500
- The company issued 925,000 flow-through units and 110,000 non-flow-through units
- Proceeds from the sale of the FT units will be used to fund exploration programs on the Thane Property
- Proceeds from the sale of the non-flow-through units will be used for general working capital purposes
- Interra is a junior exploration and development company
- Interra Copper Corp. (IMCX) opened trading at C$0.135 per share
Interra Copper (IMCX) has closed a non-brokered private placement for gross proceeds of $201,500.
The company issued 925,000 flow-through units at a price of $0.20 per FT unit and 110,000 non-flow-through units at a price of $0.15 per unit.
Each FT and non-flow-through unit consists of one common share and one non-flow-through warrant exercisable at $0.30 for 24 months from the date of issuance.
Proceeds from the sale of the FT units will be used to fund exploration programs on the Thane Property in north-central British Columbia. Proceeds from the sale of the non-flow-through units will be used for general working capital purposes.
All securities issued are subject to a hold period of four months and one day from the date of closing.
Interra is a junior exploration and development company. Its assets include the Thane Property in north-central British Columbia.
Interra Copper Corp. (IMCX) opened trading at C$0.135 per share.