Dore Copper Announces up to $4.62 Million Non-Brokered Private Placement of Common Shares and Flow-Through Shares
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PRESS RELEASE
DORE COPPER ANNOUNCES UP TO $4.62 MILLION NON-BROKERED PRIVATE
PLACEMENT OF COMMON SHARES AND FLOW-THROUGH SHARES
Not for distribution to United States news wire services or for dissemination in the United States
Toronto, Ontario – September 4, 2024 – Doré Copper Mining Corp. (the "Corporation" or "Doré Copper")
(TSXV:DCMC; OTCQB:DRCMF; FRA:D CM) is pleased to announce a non -brokered private placement
offering of: (i) up to 20,952,381 common shares in the capital of the Corporation (the "Common Shares")
at a price of $0.105 per Common Share for gross proceeds of up to $2,200,000; (ii) up to 960,000 common
shares in the capital of the Corporation that will qualify as "flow -through shares" within the meaning of
subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec) (the
"Traditional Flow-Through Shares") at a price of $ 0.125 per Traditional Flow-Through Share for gross
proceeds of up to $120,000; and (iii) up to 11,500,000 common shares in the capital of the Corporation that
will qualify as "flow -through shares" within the meaning of subsection 66(15) of the Income Tax Act
(Canada) and section 359.1 of the Taxation Act (Québec) (the "Charitable Flow-Through Shares" and
together with the Traditional Flow -Through Shares, the " Flow-Through Shares") at a price of $0.20 per
Charitable Flow-Through Share for gross proceeds of up to $2,300,000, for aggregate gross proceeds to
the Corporation of up to $4,620,000 (collectively, the "Offering").
The net proceeds from the sale of the Common Shares will be used for exploration and development
activities, feasibility study work, permitting activities and for working capital and general corporate purposes.
The Corporation will use an amount equal to the gross proceeds received by the Corporation from the sale
of the Flow-Through Shares, pursuant to the provisions in the Income Tax Act (Canada), to incur, directly
or indirectly, on or before December 31, 2025 , expenses (" Qualifying Expenditures ") related to the
Corporation's projects in Québec that are eligible "Canadian exploration expenses" (as defined in the
Income Tax Act (Canada)), which will qualify as "flow-through critical mineral mining expenditures" (as
defined in the Income Tax Act (Canada)), and renounce all the Qualifying Expenditures in favour of the
applicable subscribers of the Flow-Through Shares effective December 31, 2024. In addition, with respect
to Québec resident subscribers who are eligible individuals under the Taxation Act (Québec), the Qualifying
Expenditures will also qualify for inclusion in the "exploration base relating to certain Québec exploration
expenses" within the meaning of section 726.4.10 of the Taxation Act (Québec) and for inclusion in the
"exploration base relating to certain Québec surface mining exploration expenses" within the meaning of
section 726.4.17.2 of the Taxation Act (Québec).
In connection with the Offering, the Corporation may engage certain arm's-length parties who may receive
a cash finder's fee payment and/or warrants to purchase common shares in the capital of the Corporation
in consideration of securities that are sold to subscribers introduced by such parties. Any cash finder's fee
payment and/or warrants will be subject to the approval of, and will be issued in accordance with the rules
of, the TSX Venture Exchange.
The Offering is expected to close on or about September 20, 2024, or such other date as the Corporation
may determine and is subject to certain conditions including, but not limited to, the receipt of all necessary
regulatory and other approvals including the acceptance of the TSX Venture Exchange .
The Offering will be made by way of private placement in each of the provinces of Canada pursuant to
applicable exemptions from the prospectus requirements and, in the case of the Common Shares, such
other jurisdictions, in each case in accordance with all applicable laws, provided that no prospectus,
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registration statement or other similar document is required to be filed in such jurisdiction. The securities
issued under the Offering will be subject to a four -month hold period under applicable Canadian securities
laws.
The securities offered have not been, nor will they be, registered under the United States Securities Act
of 1933, as amended, or any state securities law, and may not be offered, sold or delivered, directly or
indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration
or an exemption from such registration requirements. This news release does not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United
States in which such offer, solicitation or sale would be unlawful.
About Doré Copper Mining Corp.
Doré Copper Mining Corp. aims to be the next copper producer in Québec with an initial production target
of +50 million pounds of copper equivalent ann ually by implementing a hub -and-spoke operation model
with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill1. The Corporation has
delivered its PEA in May 2022 and is proceeding with a feasibility study.
The Corporation has consolidated a large land package in the prolific Lac Doré/Chibougamau and Joe
Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of
gold2. The land package includes 13 former producing mines, deposits and resource target areas within a
60-kilometer radius of the Corporation's Copper Rand Mill.
For further information, please visit the Corporation's we bsite at www.dorecopper.com or refer to Doré
Copper's SEDAR+ filings at www.sedarplus.ca or contact:
Ernest Mast Laurie Gaborit
President and Chief Executive Officer Vice President, Investor Relations
Phone: (416) 792-2229 Phone: (416) 219-2049
Email: [email protected]
Facebook: Doré Copper Mining
LinkedIn: Doré Copper Mining Corp.
Twitter: @DoreCopper
Instagram: @DoreCopperMining
Email: [email protected]
1. Technical report titled "Preliminary Economic Assessment for the Chibougamau Hub -and-Spoke Complex, Québec, Canada"
dated June 15, 2022, in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").
The Technical Report was prepared by BBA Inc. with several consulting firms contributing to sections of the study, including SLR
Consulting (Canada) Ltd., SRK Consulting (Canada) Inc. and WSP Inc.
2. Sources for historic production figures: Economic Geology, v. 107, pp. 963 –989 - Structural and Stratigraphic Controls on
Magmatic, Volcanogenic, and Shear Zone -Hosted Mineralization in the Chapais -Chibougamau Mining Camp, Northeastern
Abitibi, Canada by F rançois Leclerc et al. (Lac Dore/Chibougamau mining camp) and NI 43 -101 Technical Report on the Joe
Mann Property dated January 11, 2016 by Geologica Groupe-Conseil Inc. for Jessie Ressources Inc. (Joe Mann mine).
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward -looking statements" under applicable Canadian securities
legislation. Forward-looking statements include, but are not limited to, statements with respect to the terms
of the Offering, the use of proceeds of the O ffering, the timing and ability of the Corporation to close the
Offering, the timing and ability of the Corporation to receive necessary regulatory approvals, including the
acceptance of the Offering from the TSX Venture Exchange, the renunciation to the purchasers of the Flow-
Through Shares and timing thereof, the tax treatment of the Flow-Through Shares, the Corporation's ability
to meet its production target, the commencement, timing and completion of a feasibility study, and the
plans, operations and prospects of the Corporation. Forward -looking statements are necessarily based
upon a number of estimates and assumptions that, while considered reasonable, are subject to known and
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unknown risks, uncertainties and other factors which may cause the actual results and future events to
differ materially from those expressed or implied by such forward-looking statements. Such factors include,
but are not limited to: general business, eco nomic, competitive, political and social uncertainties; delay or
failure to receive regulatory approvals; the price of gold and copper; and the results of current exploration.
There can be no assurance that such statements will prove to be accurate, as act ual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. The Corporation disclaims any intention or obligation
to update or revise a ny forward-looking statements, whether as a result of new information, future events
or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.