King Copper Discovery Corp. Announces $15 Million Financing
King Copper Discovery Corp. Announces $15 Million Financing
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES
VANCOUVER, British Columbia, Sept. 04, 2025 -- King Copper Discovery Corp. (“ King Copper ”, or the “Company”; KCP-
TSXV, TBXXF-OTCQB, 3RI-FSE) is pleased to announce it has arranged a non-brokered private placement financing of up to
65,217,392 common shares at a price of $0.23 per share for gross proceeds of up to $15 million (the “Financing”).
A strategic investor (the “Investor”) will be participating in the Financing and, upon closing, is expected to hold approximately a
9.99% ownership interest in King Copper on an undiluted basis.
Proceeds from the Financing will be used to advance exploration, including diamond drilling of the Company’s flagship
Colquemayo copper-gold project and for working capital purposes.
Jonathan Richards, CEO of King Copper, commented "We are excited to add the strategic investor as a major shareholder of
the Company. This financing results in King Copper being fully-funded for a 15,000 metre drill program, which will allow the
Company to advance exploration at the Colquemayo copper-gold project along the 12-kilometre mineralized corridor.”
In connection with closing of the Financing, King Copper and the Investor will enter into an investor rights agreement whereby
the Investor will be granted certain rights, subject to the Investor maintaining certain ownership thresholds in the Company,
including (i) the right to participate in future equity financings and top-up its holdings in the event of dilutive issuances in order
to maintain its pro rata ownership in the Company at the time of such financing or to acquire up to a 9.99% ownership interest,
on a partially ‐diluted basis, in the Company; and (ii) the right (which the Investor has no present intention of exercising) to
nominate one person (and in the case of an increase in the size of the board of directors to eight or more directors, two
persons) to the board of directors of King Copper.
The expected closing date of the Financing is September 17, 2025. Finder’s fees may be payable on the transaction. Closing
of the Financing is subject to various conditions precedent including, among other things, approval of the TSX Venture
Exchange. All securities issued in connection with the Financing will be subject to a statutory four-month hold period in
accordance with applicable securities law.
Eventus Capital Corp. has been appointed as an advisor to King Copper in connection with the Financing.
The securities of the Company referred to in this press release have not been and will not be registered under the United
States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws. Accordingly, the
securities of the Company may not be offered or sold within the United States unless registered under the U.S. Securities Act
and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act
and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy
any securities oft eh Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.
On behalf of the Company,
Jonathan Richards, Chief Executive Officer and Director.
Website: www.kingcopperdiscovery.com
Address: #1507 - 1030 West Georgia St, Vancouver, BC V6E 3M5.
For Investor Relations enquiries, please contact +1 604 229 5208 or via [email protected].
Statements
About King Copper Discovery Corp and Our Projects: King Copper is a TSXV-listed exploration company focused on the
Colquemayo gold-copper project in South America. The Company is led by a team responsible for multiple gold-copper-silver
discoveries.
Forward Looking Statement: This news release includes certain statements that may be deemed “forward-looking
statements”. All statements in this news release, other than statements of historical facts, that address events or
developments that the Company expects to occur, are forward-looking statements, including the expected closing date of the
Financing, the investor’s expected ownership interest in King Copper and the expected use of proceeds from the Financing.
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 expressions, or that
events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from those in the forward-looking statements. Factors that could
cause the actual results to differ materially from those in forward-looking statements include the receipt of regulatory
approvals, market prices, continued availability of capital and financing, and general economic, market or business conditions,
as well as legal, social, and economic conditions in Argentina and Peru, where the Company’s mineral exploration properties
are located. Investors are cautioned that any such statements are not guarantees of future performance and actual results or
developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are
based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as
required by applicable securities laws, 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.
Qualified Person: All scientific and technical information in this news release has been approved by Dr. Rohan Wolfe,
Technical Advisor, MAIG, who serves as the Qualified Person (QP) under the definition of National Instrument 43-101. Dr Wolfe
has conducted a review of historic data at the project, reviewed the Company’s due diligence study of the Project and has
conducted an independent QA/QC review of historic drilling assays, and consents to the inclusion of this information in the
form and context in which it appears.
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 or has in any way
approved or disapproved of the contents of this press release.