American Copper Development Corporation announced a private placement of 40,015,840 subscription receipts at a price of CAD 0.25 per subscription receipt for gross proceeds of CAD 10,003,960 on August 9, 2022. The company paid finders' fees of CAD 11,750 and 35,000 broker warrants at CAD 0.25 for a period of 18 months from closing. All securities issued pursuant to the transaction will be subject to a four-month hold period under applicable Canadian securities laws.