Infinitum Copper Corp. announced a private placement of 21,428,571 units at a price of CAD 0.07 per unit for a gross proceeds of CAD 1,500,000 on March 15, 2023. Each unit will consist of one common share of the company and one common share purchase warrant.

Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.14 for a period of 24 months following the distribution date. The closing of the offering will be subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the Canadian Securities Exchange. The closing date of the offering is expected to occur on or about March 31, 2023.