Atacama Copper Corporation announced that it has entered into an agreement with Cormark Securities Inc. and Stifel Canada as co-lead agents for a private placement of 55,555,555 subscription receipts at a price of CAD 0.18 per subscription receipt for minimum net proceeds of CAD 10,000,000 on October 26, 2023. The transaction is subject to obtaining all necessary regulatory and shareholder approvals and satisfaction of customary closing conditions. The securities to be offered in the Concurrent Financing have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended.

The Agents are entitled to compensation warrants equal to 6.0% of the aggregate number of subscription receipts sold. Each Agents? compensation warrant will entitle the holder to acquire a Resulting Issuer Share at a price of CAD 0.18 for a period of 24 months following the completion of the Proposed Transaction.