- NorthWest Copper Corp. (NWST) has increased its non-brokered private placement financing to $5,100,000
- The increase from $2,500,000 was driven by increased investor demand
- The offering will now consist of 22,173,913 units at a price of $0.23 per unit
- NorthWest Copper is a new copper-gold explorer and developer with a pipeline of projects in British Columbia
- Northwest Copper Corp. opened trading at $0.25
NorthWest Copper Corp. (NWST) has increased its non-brokered private placement financing to $5,100,000.
The increase from $2,500,000 to $5,100,000 was driven by increased investor demand.
The offering will now consist of 22,173,913 units at a price of $0.23 per unit. Each unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each warrant is exercisable to purchase one additional common share for a period of two years from the date of closing at an exercise price of $0.30.
The company intends to use proceeds from the private placement primarily to fund general working capital purposes and exploration of its portfolio of projects, including the Lorraine property.
The private placement may be closed in one or more tranches as subscriptions are received.
All common shares and warrants issued pursuant to the private placement and any common shares issuable on the exercise of warrants will be subject to a four-month-and-a-day hold period from the closing date, and TSX Venture Exchange hold period, as applicable.
NorthWest Copper is a new copper-gold explorer and developer with a pipeline of projects in British Columbia.
Northwest Copper Corp. opened trading at $0.25.