Granite Creek Copper Announces $1,600,000 Private Placement Financing

Granite Creek Copper Ltd announces an underwritten private placement aiming to raise up to $1,500,000 through the sale of 37.5 million units at $0.04 each. This offering, planned for closing around March 20, 2024, includes one common share and a purchase warrant per unit, permitting the acquisition of additional shares at $0.07 within two years. According to Tim Johnson, President & CEO, the funds will support general corporate actions and strategic initiatives, especially in North American base and precious metals opportunities.

The initiative is tied to customary closing conditions, including approval from the TSX Venture Exchange, and involves Agentis Capital Mining Partners as the financial advisor. It involves a statutory hold period for the securities issued and has been declared as a related party transaction, with certain exemptions applied concerning minority shareholder approval. This financial move reflects Granite Creek's ambition to expand its critical minerals portfolio amidst a recovering market.