March 3, 2026 News Release - Super Copper Announces Upsize of Brokered LIFE Financing to $10 Million
Super Copper Announces Upsize of Brokered
LIFE Financing to $10 Million
/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. NEWSWIRE SERVICES/
VANCOUVER, BC
,
March 3, 2026
/CNW/ - SUPER COPPER CORP. (CSE: CUPR) (OTCQB:
CUPPF) (FSE: N60) ("
Super Copper
" or the "
Company
"), is pleased to announce that, further to its
news releases dated February 26
th
and 27
th
, 2026, and as a result of strong investor demand, the
Company has further increased the size of its previously announced offering from $6,000,000 to
$10,000,000 (the "
Offering
"), issuing up to 13,333,333 units of the Company ("
Units
") at a price of
$0.75 per Unit (the "
Offering Price
"). The Offering will be conducted on a "best efforts" basis by
A.G.P. Canada Investments ULC, acting as lead agent and sole bookrunner, and Baader Bank AG
(collectively, the "
Agents
") for the Offering.
Each Unit will consist of one common share in the capital of the Company (a "
Share
") and one Share
purchase warrant (a "
Warrant
"). Up to 6,666,666 Units will be issued and comprised of Series A
Warrants (the "
Series A Warrants
") and up to 6,666,667 Units will be issued and comprised of
Series B Warrants (the "
Series B Warrants
"). Each Series A Warrant will entitle the holder to
acquire one additional common share at a price of $1.15 per share for a period of 36 months
following the closing of the Offering. Each Series B Warrant will entitle the holder to acquire one
additional common share at a price of $1.15 per share from the date that is 61 days from the closing
of the Offering until the date that is 36 months from the closing of the Offering.
The Units will be offered by way of the listed issuer financing exemption under Part 5A of National
Instrument 45-106 –
Prospectus Exemptions
("
NI 45-106
"), as amended by Coordinated Blanket
Order 45-935 –
Exemptions from Certain Conditions of the Listed Issuer Financing Exemption
(the
"
Order
"), in the provinces of Alberta, British Columbia, Saskatchewan and Ontario. Pursuant to NI
45-106 and the Order, the Units issued to Canadian residents under the Offering will not be subject
to resale restrictions. The Company is relying on the exemptions in Part 5A of NI 45-106 and the
Order, and is qualified to distribute securities in reliance on the exemptions included therein.
The Units may also be offered to persons in the United States pursuant to Rule 506(b) of Regulation
D under the United States Securities Act of 1933, as amended (the "
U.S. Securities Act
") and
similar exemptions under applicable U.S. state securities laws, as well as in offshore jurisdictions as
agreed upon by the Company and the Agents pursuant to relevant prospectus or registration
exemptions under any domestic securities laws, and may have resale restrictions in accordance with
applicable laws.
In connection with the Offering, the Agents will receive a cash commission equal to 6.0% of the
gross proceeds of the Offering and the Company will issue to the Agents non-transferable warrants
("
Broker Warrants
") representing 6.0% of the aggregate number of Units sold pursuant to the
Offering. Each Broker Warrant will entitle the holder to purchase one Share of the Company at a
price of $1.15 for a period of 36 months from the closing of the Offering.
The Company intends to use the net proceeds raised from the Offering to advance its two Chilean
copper projects (Cordillera Cobre and Castilla) toward drill-ready status, complete property-wide
magnetics and Induced Polarization (IP) survey at its Castilla project to map iron oxide copper gold
ore (IOCG) targets and sulfide concentrations at depth and complete a maiden and follow-up drilling
program at Cordillera Cobre, and for general and administrative expenditures including engaging
additional ongoing marketing and investor relations services.
The Offering is expected to close on or about March 6, 2026, or such other date that is within 45
days from the date of this news release, as the Company and the Agents may determine. The
Offering remains subject to certain conditions, including, but not limited to, the receipt of all
necessary approvals, and compliance with the policies of the Canadian Securities Exchange
("
CSE
").
There is a second amended and restated offering document (the "
Amended Offering
Document
") related to the Offering that will be made available under the Company's profile on
SEDAR+ at
www.sedarplus.ca
. The Amended Offering Document will also be made available on the
Company's website at
www.supercopper.com
. Prospective investors should read this Amended
Offering Document before making an investment decision.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities
in the United States, nor shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they
be, registered under the U.S. Securities Act or under any U.S. state securities laws, and may not be
offered or sold in the United States absent registration or an applicable exemption from the
registration requirements of the U.S. Securities Act and applicable state securities laws.
About Super Copper Corp.
Super Copper is a mining exploration company focused on acquiring, advancing and consolidating
global copper assets from early discovery through late-stage development. The company is currently
advancing its copper projects in
Atacama
, Chile, a region with world-class infrastructure and the
presence of global majors. By operating a single, integrated technical team and a milestone-driven
acquisition strategy, Super Copper aims to build a portfolio of scalable projects capable of supplying
the world's accelerating demand for copper. |
www.supercopper.com
Forward-Looking Statements
Certain information contained herein constitutes "forward-looking information" under Canadian
securities legislation. Forward-looking information includes, but is not limited to: the Offering,
completion of the Offering, the expected closing date of the Offering, the use of proceeds of the
Offering, CSE approvals and the Company building a portfolio of scalable projects. Generally,
forward-looking information can be identified by the use of forward-looking terminology such as
"anticipates", "anticipated", "expected", "intends", "will" or variations of such words and phrases or
statements that certain actions, events or results "will" occur. Forward-looking statements are
based on the opinions and estimates of management as of the date such statements are made and
they are from those expressed or implied by such forward-looking statements or forward-looking
information subject to known and unknown risks, uncertainties and other factors that may cause the
actual results to be materially different, including receipt of all necessary regulatory approvals and
the timing thereof. Although management of the Company has attempted to identify important
factors that could cause actual results to differ materially from those contained in forward-looking
statements or forward-looking information, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance on forward-looking
statements and forward-looking information. The Company will not update any forward-looking
statements or forward-looking information that are incorporated by reference herein, except as
required by applicable securities laws.
The Canadian Securities Exchange has not reviewed this press release and does not accept
responsibility for the adequacy or accuracy of this news release.
SOURCE Super Copper Corp.
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For further information:
For further information please contact: Zachary Dymala-Dolesky, Chief
Executive Officer, Super Copper Corp., [email protected], Tel: 1 (778) 747-2968
CO: Super Copper Corp.
CNW 09:00e 03-MAR-26