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Alpha Copper Corp (3)
Symbol ALCU
Shares Issued 9,491,034
Close 2024-12-02 C$ 0.155
Market Cap C$ 1,471,110
Recent Sedar Documents

Alpha Copper closes $404,999 private placement

2024-12-02 19:11 ET - News Release

Mr. Darryl Jones reports

ALPHA COPPER ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Alpha Copper Corp. has closed its previously announced non-brokered private placement of units of the company. The company issued an aggregate of 4,499,999 units at a price of nine cents per unit for gross proceeds of $404,999.91, with each unit comprising one common share of the company and one common share purchase warrant. Each warrant is exercisable to acquire one common share of the company at a price of 12 cents per share for a period of 24 months from the date of issuance.

Certain directors and officers of the company are acquiring units under the offering. Such participation is considered to be a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any units issued to, or the consideration paid by, such persons will exceed 25 per cent of the company's market capitalization

All securities issued in connection with the offering are subject to a hold period of four months and one day pursuant to applicable securities laws.

The company intends to use the net proceeds of the offering for general working capital purposes and to satisfy existing property commitments and payables.

About Alpha Copper Corp.

Alpha Copper is focused on contributing to the green economy by finding and developing copper resource assets in stable jurisdictions. The company is positioned to earn a 60-per-cent interest in the Indata copper-gold project located in north-central British Columbia. After the acquisition of Cavu Energy Metals, the company has acquired 100 per cent of the Star copper-gold porphyry project in the Golden Triangle of B.C., as well as the 100-per-cent-owned Quesnel project in the middle of the Quesnel trough, host to a number of alkalic copper-gold porphyry deposits running northwest across western B.C. The company also holds a 100-per-cent interest in the copper-molybdenum Okeover project north of Powell River.

We seek Safe Harbor.

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