- Three Valley Copper (TVC) has announced a bought deal offering of units for gross proceeds of $10,000,000
- PI Financial Corp. and Eight Capital will act as co-lead underwriters and joint bookrunners for the offering
- The company will issue 31,250,000 units at a price of $0.32 per unit
- The offering is expected to close on or around November 18, 2021
- Proceeds will be used to fund the advancement of the company’s flagship Minera Tres Valles project
- Three Valley Copper is a Canadian-based mining company focused on growing copper production from its primary asset, the Minera Tres Valles mine in Chile
- Three Valley Copper Corp. (TVC) opened trading at C$0.38 per share
Three Valley Copper (TVC) has announced a bought deal offering of units for gross proceeds of $10,000,000.
PI Financial Corp. and Eight Capital will act as co-lead underwriters and joint bookrunners for the offering.
The company will issue 31,250,000 units at a price of $0.32 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one common share at an exercise price of C$0.45 for a period of 30 months from the closing of the offering.
The company has also granted the underwriters an over-allotment option to purchase up to an additional 15 per cent of the units.
The offering is expected to close on or around November 18, 2021, and is subject to TSXV approval.
Proceeds will be used to fund the advancement of the company’s flagship Minera Tres Valles project and for working capital and general corporate purposes.
Three Valley Copper is a Canadian-based mining company focused on growing copper production from its 91 per cent owned asset, Minera Tres Valles in Salamanca, Chile.
Three Valley Copper Corp. (TVC) opened trading at C$0.38 per share.