- Kutcho Copper (KC) has announced a non-brokered private placement to raise total proceeds of $5,000,000
- The company will issue up to 5,263,158 shares priced at $0.95 per share
- Proceeds will be used to advance the Kutcho project in B.C. through permitting and for general working capital purposes
- Kutcho expects to close the offering around December 15, 2021
- Kutcho Copper Corp is a Canadian resource development company
- Kutcho Copper Corp. (KC) opened trading at C$1.00 per share
Kutcho Copper (KC) has announced a non-brokered private placement to raise total proceeds of $5,000,000.
The company will issue up to 5,263,158 shares priced at $0.95 per share.
Vince Sorace, President and CEO of Kutcho Copper commented on the offering.
“With the recent announcement of our feasibility study showcasing very attractive project economics and offering significant upside at current copper prices, we have continued to attract certain fundamental investors who believe in the immediate and long term upside potential of the company. This financing is being done with one such investor. In addition, the company is evaluating a number of accretive and strategic opportunities already in front of us, on our path towards a positive construction decision.”
Mr. Sorace continued,
“Kutcho Copper is uniquely positioned with a feasibility-stage, high-grade, low-cost development project in a Tier 1 jurisdiction supported by a thriving copper market. As a result, we believe the company is one of the most undervalued copper investment opportunities in North America, with significant upside given our current price levels and a robust copper outlook.”
Proceeds will be used to advance the Kutcho project in B.C. through permitting and for general working capital purposes. The completion of the financing is subject to the approval of the TSX Venture Exchange.
Kutcho expects to close the offering around December 15, 2021.
Kutcho Copper Corp. (KC) opened trading at C$1.00 per share.