Infinitum Copper Corp. announced a non-brokered private placement of 7,692,308 units at a price of CAD 0.13 per unit for gross proceeds of CAD 1,000,000.04 on October 19, 2022. Each unit consists of one common share and one half of common share purchase warrant.

Each warrant can be exercised to acquire one common share at a price of CAD 0.22 per share for a period of two years from the date of closing. The transaction is subject to approval from TSX Venture Exchange. The securities are subject to four months hold period.