Universal Copper Ltd. announced a non-brokered private placement of 42,857,143 units at a price of CAD 0.035 per unit for gross proceeds of up to CAD 1,500,000 on January 25, 2023. Each Unit will consist of one common share and one warrant. Each Warrant entitles the holder to purchase one common share at CAD 0.06 per share for a period of 24 months following the date of issuance.

The Company may pay a finder's fee on all or a portion of the Private Placement in accordance with the policies of the TSX Venture Exchange. The transaction is subject to, among other things, TSX Venture Exchange acceptance, and securities proposed for issuance will be subject to a four month plus a day hold period from the date of closing per applicable regulatory requirements.