Granite Creek Copper Ltd. announced a non-brokered private placement of up to 10,000,000 common share units at a price of CAD 0.06 per unit and up to 10,000,000 flow-through units at a price of CAD 0.075 per unit for the aggregate gross proceeds of CAD 1,350,000 on May 12, 2023. Each unit consists of one common share and one-half of one transferable warrant, with each full warrant allowing the holder to purchase one common share at a price of CAD 0.12 per share for 36 months. Each Flow-through unit consists of one flow-through share and one-half of one transferable flow-through warrant, with each full flow-through warrant allowing the holder to purchase one flow-through share at a price of CAD 0.15 per share for 24 months. All the shares issued will be subject to a statutory hold period of 4 months and one day from the closing of the Offering. The Company may pay finder’s fees on a portion of the offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. The transaction is subject to the approval of all necessary regulatory approvals and the TSX Venture Exchange.


On the same day, the company issued 6,400,000 common share units and 4,436,677 flow-through units at a price of CAD 0.06 per unit and CAD 0.075 per unit respectively for the gross proceeds of CAD 716,750.