03:32:27 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Infinitum Copper Corp
Symbol INFI
Shares Issued 73,588,040
Close 2024-03-04 C$ 0.02
Market Cap C$ 1,471,761
Recent Sedar Documents

Infinitum Copper arranges $450,000 private placement

2024-03-04 18:31 ET - News Release

Mr. Matt Hudson reports

INFINITUM COPPER ANNOUNCES C$450,000 PRIVATE PLACEMENT

Infinitum Copper Corp. has arranged a private placement to raise gross proceeds of up to $450,000 through the issue of up to 22.5 million units of the company at a price of two cents per unit.

Each unit will comprise one common share of the company and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share at a price of three cents per common share for a period of 24 months following the closing date of the offering.

The company intends to use the net proceeds of the offering for the establishment of mining operations at the La Adelita project and general corporate purposes.

"We are looking forward to commencing mining operations at La Adelita. Not only will this provide a revenue stream for the company but we will also gain valuable knowledge of the mineralized body," commented Matt Hudson, chief executive officer.

The closing date of the offering is expected to occur on or about March 31, 2024, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval from the TSX Venture Exchange.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -- Prospectus Exemptions, the offering is being made only to accredited investors (as defined in NI 45-106 and, in Ontario, Section 73.3 of the Securities Act (Ontario)) or other eligible investors. There is an offering document relating to the Offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

About Infinitum Copper Corp.

Backed by a strong team of industry veterans, Infinitum Copper is advancing La Adelita project, where the company has an option to earn an 80-per-cent interest. The high-grade copper-silver-gold La Adelita project is located in Sonora and Sinaloa states in Mexico. La Adelita is a carbonate replacement deposit located in a mineralized district with a rich history. Infinitum Copper also has an option to earn 25-per-cent interest in the Hot Breccia project in the heart of the Arizona copper belt about 90 kilometres north of Tucson, Ariz. The Hot Breccia project is prospective for porphyry copper and copper skarn mineralization.

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