NorthWest Copper Corp. announced a private placement to issue 38,095,238 shares at an issue price of CAD 0.105 per share for the gross proceeds of CAD 3,999,999.99 on November 27, 2023. In connection with the concurrent private placement, the company may pay cash commissions to registered brokers and a finder's fee to arm's-length finders.

The broker fee will be 5% on gross proceeds from a brokerage firm up to CAD 250,000, 7% on gross proceeds from a brokerage firm when up to CAD 500,000 is raised and 8% on gross proceeds from al brokerage firm when over CAD 750,000 is raised. The finder's fee will be 1.5% of the gross proceeds. All securities issued in connection with the concurrent private placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The transaction is subject to TSX Venture Exchange approval.