08:12:01 EDT Wed 02 Jul 2025
Enter Symbol
or Name
USA
CA



Getty Copper Inc
Symbol GTC
Shares Issued 151,041,205
Close 2025-06-25 C$ 0.055
Market Cap C$ 8,307,266
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Getty Copper closes $700,000 private placement

2025-06-25 19:26 ET - News Release

Mr. Tom MacNeill reports

GETTY COPPER INC. CLOSES PRIVATE PLACEMENT

Getty Copper Inc. has closed the company's non-brokered private placement, which was announced on May 14, 2025, and updated June 9, 2025, by issuing 12 million flow-through (FT) units at five cents per unit for proceeds of $600,000 and 2.5 million non-flow-through (NFT) units at four cents per unit for proceeds of $100,000.

Each FT unit consists of one flow-through common share and one whole warrant, which will entitle the holder to purchase one common share at a price of 7.5 cents per share for a period of two years from issuance.

Each NFT unit consists of one common share and one whole warrant, which will entitle the holder to purchase one 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 are subject to a four-month statutory hold period.

The company paid no finders' fees in connection with the private placement.

A portion of the offering (1.5 million FT units and 625,000 NFT units for a total of $100,000, being purchased by the John B. Pub Ltd. (a company controlled by John Lepinski, an insider of the issuer)) represents a related party transaction. The transaction is exempt from the valuation and minority approval requirements of the TSX Venture Exchange listings Policy 5.9 and Multilateral Instrument 61-101 under certain exemptions including the exemption if the fair market value of the transaction does not exceed 25 per cent of the issuer's market capitalization.

The proceeds of the private placement will be used to conduct exploration programs on the company's mineral properties and for general corporate purposes. There are no proposed payments to non-arm's-length parties of the issuer, no proposed payments to persons conducting investor relations activities, and no specific use representing 10 per cent or more of the gross proceeds.

Completion of the private placement remains subject to the approval of the TSX Venture Exchange.

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