Interra Copper Announces Fully Subscribed Flow-Through Private Placement Financing
CSE: IMCX WWW.INTERRACOPPERCORP.COM
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
INTERRA COPPER ANNOUNCES FULLY SUBSCRIBED
FLOW-THROUGH PRIVATE PLACEMENT FINANCING
December 7, 2023, VANCOUVER, British Columbia – Interra Copper Corp. (CSE: IMCX)
(FSE: 3MX) ("Interra" or the "Company") is pleased to announce that it intends to complete
a fully subscribed non-brokered private placement ("Private Placement") of 3,041,397 flow-
through shares of the Company (the "FT Shares", and each, a "FT Share") at a price of $0.29
per FT Share for aggregate gross proceeds of $882,005. There are no warrants associated
with this financing. Subject to the receipt of all necessary regulatory and other approvals, the
Company anticipates closing of the Private Placement to occur on or about December 15,
2023.
"This raise of flow through funds demonstrates a vote of confidence for our newly acquired
Rip project and will allow us to significantly advance our exploration work and earn -in with
ArcWest Resources in British Columbia," commented Interra Chairman and C EO Rick
Gittleman.
Each FT Share will constitute a "Flow -through share" within the meaning of the Income Tax
Act (Canada) (the "Tax Act") and the gross proceeds of the Private Placement will be used by
the Company for exploration and related programs, which qualify as "Canadian exploration
expenses" and "flow -through critical mineral mining expenditures", as such terms are
defined in the Tax Act, in connection with Interra's projects in British Columbia. Subject to
compliance with the policies of the Canadian Securities Exchange and applicable securities
legislation, the Company may pay finder's fees in connection with the Private Placement.
All securities issued pursuant to the Private Placement will be subject to a statutory hold
period under applicable Canadian securities laws of four months and one day from the date
of closing of the Private Placement.
The securities described herein have not been registered under the United States Securities
Act of 1933, as amended (the " U.S. Securities Act "), or any state securities laws, and may
not be offered or sold absent registration or compliance with an applicable exemption from
the registration requirements of the U.S. Securities Act and applicable state securities laws.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any State in which such offer, solicitation or sale
would be unlawful.
On behalf of the Board of Interra Copper Corp.
Rick Gittleman
Interim CEO & Chairman
For further information contact:
Katherine Pryde
Investor Relations
+1 (778) 949-1829
Forward Looking Information
This news release contains certain "forward -looking information" and "forward -looking
statements" (collectively "forward -looking statements") within the meaning of applicable
securities legislation. Forward -looking statements are frequently, but not always , identified by
words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible",
and similar expressions, or statements that events, conditions, or results "will", "may", "could",
or" should" occur or be achieved. All statements, other than statements of historical fact, included
herein, without limitation, statements relating to the Private Placement, the receipt of all
necessary regulatory and other approvals, and the use of proceeds from the Private Placement
are forward-looking statements. There can be no assurance that such statements will prove to
be accurate, and actual results and future events could differ materially from those anticipated
in such statements. Forward-looking statements reflect the beliefs, opinions and projections on
the date the statements are made and are based upon a number of assumptions and estimates
that, while considered reasonable by Interra, are inherently subject to significant business,
economic, competitive, political and social uncerta inties and contingencies. Many factors, both
known and unknown, could cause actual results, performance or achievements to be materially
different from the results, performance or achievements that are or may be expressed or implied
by such forward -looking statements and the parties have made assumptions and estimates
based on or related to many of these factors. Such factors include, without limitation, the ability
to complete exploration work, the results of exploration, continued availability of capital, and
changes in general economic, market and business conditions. Readers should not place undue
reliance on the forward -looking statements and information contained in this news release
concerning these items. Interra does not assume any obligation to upd ate the forward-looking
statements of beliefs, opinions, projections, or other factors, should they change, except as
required by applicable securities laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of
this press release, and does not accept responsibility for the adequacy or accuracy of this release.