Mr. Tom MacNeill reports
GETTY COPPER INC. ANNOUNCES
PRIVATE PLACEMENT
Getty Copper Inc. will
conduct a non-brokered private placement of up to 2.5 million non-flow-through units at four cents per unit for
proceeds of up to $100,000 and six million flow-through units at five cents per unit for proceeds of
up to $300,000.
Each non-flow-through unit will consist of one non-flow-through common share and one whole non-flow-through warrant,
which will entitle the holder to purchase one common share at a price of six cents per share for a period of two
years from issuance.
Each flow-through unit will consist of one flow-through common share and one whole flow-through warrant, which will
entitle the holder to purchase one flow-through common share at a price of 7.5 cents per share for a period of two
years from issuance.
All securities issued in connection with the private placement will be subject to a four-month statutory hold
period.
The company may pay up to 5-per-cent finders' fees in cash to investment dealers or others (where permitted by law)
and in accordance with the rules of the TSX Venture Exchange.
The proceeds of the private placement will used to conduct exploration programs on the company's mineral
properties and for general corporate purposes.
Completion of the private placement remains subject to the approval of the TSX-V.
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