Kutcho Copper Corp. announced a non-brokered private placement of 8,000,000 units at a price of CAD 0.25 per unit for gross proceeds of CAD 2,000,000 and 6,666,667 flow-through units at a price of CAD 0.30 per FT unit for gross proceeds of CAD 2,000,000; for aggregate gross proceeds of CAD 4 million on April 17, 2023. Each unit will consist of one common share in the capital of the company and one-half transferable common share purchase warrant, exercisable at a price of CAD 0.40 per common share for a period of 24 months from the closing date.

Each FT Unit will consist of one flow-through share in the capital of the company and one-half transferable warrant, exercisable at a price of CAD 0.45 per common share for a period of 24 months from the closing date. Each FT share will entitle the holder thereof the same rights as holders of common shares. If the closing price of the company's common shares on the TSX Venture Exchange is equal to or greater than CAD 0.60 for a period of 10 consecutive trading days, the company may at its sole discretion, accelerate the expiry date of warrants to the date which is 30 days following the date upon which notice of the accelerated expiry date is provided by the company to the holders of the warrants.

The closing of the transaction is subject to the company's receipt of TSX Venture Exchange approval. The company may pay finder's fees and grant finder's warrants under the transaction as permitted by TSX Venture Exchange policy and applicable securities laws. All securities issued under the transaction will have a hold period of four months and a day from the date of issuance.