Copper One Closes $2.5 Million Private Placement to Fund Three-Project Drill Campaign
Copper One Resources Corp. (CSE:CEXY) closed a $2.5 million private placement on June 24, selling 2.875 million non-flow-through units and 3.375 million flow-through units at $0.40 each to fund drilling across three North American copper projects.
Copper One Resources Corp. closed a $2.5 million non-brokered private placement on June 24, selling 6.25 million units at $0.40 each to fund exploration across three North American copper projects [1]. The offering consisted of 2.875 million non-flow-through units generating $1.15 million and 3.375 million flow-through units generating $1.35 million, structured under the listed issuer financing exemption [1].
David Greenway, president and chief executive, said the proceeds will fund drilling at the company's Canadian properties Redhill and Redonda, both previously drilled by Teck Resources, while maintaining capital for a planned 10,000-foot drill program at the flagship Majuba Hill copper-silver-gold project in Nevada [1]. The company trades on the Canadian Securities Exchange under ticker , over-the-counter as , and on the Frankfurt exchange as IW8.
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