- Universal Copper (UNV) has announced a non-brokered private placement for gross proceeds of up to $2,004,000
- The company will issue up to 5,600,000 units at a price of $0.09 per unit and up to 15,000,000 FT units at $0.10 per unit
- The company will pay a finder’s fee to Eventus Capital Corp.
- Proceeds will be used to advance the company’s Poplar project in B.C.
- Universal Copper Ltd. is a Canadian-based copper exploration company
- Shares of Universal Copper Ltd. (UNV) opened trading at C$0.09
Universal Copper (UNV) has announced a non-brokered private placement for aggregate gross proceeds of up to $2,004,000.
The company will issue up to 5,600,000 units at a price of $0.09 per unit totalling $504,000. Each unit is comprised of one common share and one share purchase warrant.
The company will also issue up to 15,000,000 FT units at $0.10 per unit totalling $1,500,000. Each FT unit is comprised of one common share and one share purchase warrant.
Universal CEO and President Clive Massey commented,
“The execution and subsequent closing of this Private Placement will provide the company with the required capital not only to advance the next phase of our exploration at Poplar but to also potentially make new discoveries at any one of a number of surrounding high priority exploration targets. “We are very much looking forward to getting our exploration team back on the ground as well as potentially celebrating a new discovery.”
All securities issued will be subject to a statutory hold period of four months and one day from closing.
Eventus Capital Corp. has been appointed as a finder. Universal Copper will pay a cash commission equal to up to 7 per cent of the gross proceeds raised and finder warrants
Universal Copper Ltd. is a Canadian-based copper exploration company focused on the acquisition and exploration of copper properties.
Shares of Universal Copper Ltd. (UNV) opened trading at C$0.09.