General Copper Gold Corp. announced a non-brokered private placement of 3,740,000 units at an issue price of CAD 0.20 per unit for gross proceeds of CAD 748,000 on April 28, 2022. Each unit will consist of one common share and one-half of one common share purchase warrant. Each full warrant is exercisable at CAD 0.40 for a period of 12 months from the date of issue. All the securities issued will subject to hold period of four months and may not be traded until August 28, 2022.

The company intended to raise 5,000,000 units at an issue price of CAD 0.20 per unit for gross proceeds of CAD 1,000,000 on April 28, 2022.