Each Unit consists of one (1) common share in the capital of the
Proceeds from the sale of the Units will be used for general working capital purposes and to commence activities on the
All securities issued in connection with the Private Placement are subject to a statutory four-month hold period, expiring
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the '
Related Party Participation in the Private Placement
Certain insiders of the Company participated in the Private Placement in the amount of
Grant of Stock Options
The Company further announces the grant of an aggregate of 2,400,000 incentive stock options (the 'Options') to certain directors, officers and consultants of the Company in accordance with the terms of the Company's Equity Incentive Plan. Each Option entitles the holder thereof to purchase one Share of the Company at an exercise price of
Contact:
Email: investors@interracoppercorp.com
Forward-Looking Information
This news release contains certain 'forward-looking information' and 'forward-looking statements' (collectively 'forward-looking statements') within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as 'expects', 'anticipates', 'believes', 'intends', 'estimates', 'potential', 'possible', and similar expressions, or statements that events, conditions, or results 'will', 'may', 'could', or' should' occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, the use of proceeds from the Private Placement are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Interra, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete exploration work, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Interra does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
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