Majuba Hill Copper Corp. announced that it has completed a non-brokered private placement of 10,500,000 units at a price of CAD 0.20 per unit for gross proceeds of CAD 2,100,000 on July 22, 2022. The transaction included participation from new investor David Greenway, Chief Executive Officer of the company, and Bam Bam Capital Corp for an aggregate of 3,850,000 units, representing 12.65% stake in the company.

Each unit consists of one common share and one transferable warrant. Each warrant can be exercised to purchase one additional common share for a period of 12 months at a price of CAD 0.25 per share, subject to accelerated expiry. In the event that the company's common shares trade at a closing price at or greater than CAD 0.45 per share for a period of 5 consecutive trading days, the company may accelerate the expiry date of the warrants by giving notice to the holders thereof, and in such case, the warrants will expire on the 30th day after the date on which such notice is given by the company.

All securities issued are subject to a four-month-and-one-day hold period expiring on November 23, 2022.