PNG Copper Inc. announced a private placement of 1,500,000 units at an issue price of CAD 0.07 for gross proceeds of CAD 105,000 on January 24, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.10 per share for a period of five years from the date of issuance.

The securities issued are subject to a statutory hold period expiring four months and one day four months from the date of closing.