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District Copper Corp (2)
Symbol DCOP
Shares Issued 36,707,495
Close 2026-01-06 C$ 0.06
Market Cap C$ 2,202,450
Recent Sedar Documents

District Copper closes $193,750 private placement

2026-01-06 17:41 ET - News Release

Mr. Jevin Werbes reports

CLOSES PRIVATE PLACEMENT

Further to its news release dated Oct. 8, 2025, and Nov. 18, 2026, District Copper Corp. has completed its private placement, raising gross proceeds of $193,750, through the issuance of 2,583,334 units at a price of 7.5 cents per unit. Each unit consists of one share and one transferable share purchase warrant, with each warrant being exercisable at a price of 12 cents for period of two years from the date of issuance. In circumstances where, at any time after the expiry of the four-month hold period, the company's stock trades at 20 cents or greater for 20 consecutive trading days, District Copper may give notice accelerating the expiry date of the exercise period of the warrants to that date that is 10 days from the date of such notice.

The funds will be used for general working capital purposes, exploration on the company's 100-per-cent-owned Copper Keg project in British Columbia and potential new acquisition/option opportunities.

In connection with the private placement, the company paid a cash finder's fee in the amount of $5,700 to EMD Financial Inc., as well as issued 76,000 finder's warrants and paid an administrative fee of $5,000.

The securities issued as part of this private placement are subject to a regulatory hold period expiring on March 18, 2026.

About District Copper Corp.

District Copper is a Canadian company engaged in the exploration for porphyry copper deposits in south-central British Columbia.

We seek Safe Harbor.

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