CopperCorp Resources Inc. announced a non-brokered private placement of 14,285,715 units at a price of CAD 0.07 per unit for the gross proceeds of CAD 1,000,000 on December 6, 2023. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of CAD 0.12 per Share for a period of two years from closing of the private placement.

The company may pay finder's fees on some portion of the gross proceeds of the private placement to certain arms-length parties who assist the company in introducing subscribers to the private placement. The Private Placement is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The securities issued under the private placement will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the private placement.

Members of the company may participate in the transaction.