Kutcho Copper Completes C$4.14 Million Offering
Kutcho Copper Corp. | 717 – 1030 West Georgia Street | Vancouver, British Columbia | Canada | V6E 2Y3
Telephone: (604) 628-5623 | www.kutcho.ca
Kutcho Copper Completes C$4.14 Million Offering
NOT FOR DISTRIBUTION TO UNITED STATES NEWS
WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, BC – August 15, 2018 – Kutcho Copper Corp. (TSXV:KC)(OTC:KCCFF) (“Kutcho
Copper” or the “Company”) is pleased to announce that it has completed its previously announced
short form prospectus offering consisting of 9,200,000 flow-through shares (the “FT Shares”), at a price
of C$ 0.45 per FT Share (the “ Issue Price ”), for gross proceeds of C$4,140,000 (the “ Offering”).
Pursuant to the Offering, the Company has issued a total of 8,000,000 FT Shares for total gross proceeds
of C$ 3,600,000, (“Tranche 1 ”) and has arranged , on a delayed settlement basis, with one additional
subscriber for 1,200,000 FT Shares f or total gross proceeds of $540,000 to close on or before September
30, 2018 (“Tranche 2”). The Offering was conducted by a syndicate of agents led by Haywood Securities
Inc., and including GMP Securities L.P., Canaccord Genuity Corp., Cormark Securities Inc., and
Macquarie Capital Markets Canada Ltd.
The proceeds from the Offering will be used to incur Canadian exploration expenditures (“ CEE”) that
qualify as ‘flow-through mining expenditures’ (as such terms are defined in the Income Tax Act (Canada))
on the Company’s Kutcho high grade copper-zinc project located in British Columbia (the “ Qualifying
Expenditures”). The Qualifying Expenditures will be renounced to the purchasers with an effective date
no later than December 31, 2018, in the aggr egate amount of not less than the total amount of the gross
proceeds raised from the issuance of the FT Shares.
Pursuant to the closing of the first tranche, the Agents received a cash commission of 6% and Agent’s
Warrants entitling them to acquire 480,000 common shares of the Company at $0.45 per share for a
period of 24 months.
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. The
securities have not been registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an applicable exemption from the
registration requirements.
The Company also announces that, subject to the approval of the TSX Venture Exchange, it has agreed to
extend the expiry date of 275,000 existing warrants for a period of one additional year to August 28,
2019. The warrants are exercisable at a price of $0.40 per common share.
About Kutcho Copper Corp.
Kutcho Copper Corp. is a Canadian resource development company focused on expanding and
developing the Kutcho high grade copper -zinc project in northern British Columbia. Committed to social
responsibility and the highest environmental standards, the Company intends to progress the Kutcho
project through feasibility and permitting to a positive construction decision.
Kutcho Copper Corp.
Vince Sorace
President & CEO, Kutcho Copper Corp.
For further information regarding Kutcho Copper Corp., please email [email protected] or visit our website
at www.kutcho.ca.
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed “forward -looking statements” with respect to the
Company within the meaning of applicable securitie s laws. Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”,
“believes”, “intends”, “estimates”, “projects”, “potential” and similar expression s, or that events or conditions
“will”, “would”, “may”, “could” or “should” occur. Although Kutcho Copper believes the expectations expressed
in such forward -looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from
those in the forward -looking statements. Such material risks and uncertainties include, but are not limited to , the
Company’s ability to rais e sufficient capital to fund its obligations under its property agreements going forward, to
maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project or its
other projects, to repay its debt and for general w orking capital purposes; changes in economic conditions or
financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of
copper and other metals, changes in general economic conditions, accuracy of mine ral resource and reserve
estimates, the potential for new discoveries, the potential to convert inferred resources to indicated or measured
resources, the potential to optimize the mine plan, the ability of the Company to obtain the necessary permits and
consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and
consents in a timely fashion relative to the Company’s plans and business objectives for the projects; the general
ability of the Company to monet ize its mineral resources; and changes in environmental and other laws or
regulations that could have an impact on the Company’s operations, compliance with environmental laws and
regulations, aboriginal title claims and rights to consultation and accommod ation, dependence on key management
personnel and general competition in the mining industry. Forward -looking statements are based on the reasonable
beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as
required by law, the Company undertakes no obligation to update these forward -looking statements in the event that
management’s beliefs, estimates or opinions, or other factors, should change.