Northwest Copper Announces Closing of Third Tranche of Previously Announced Private Placement and Close of Rights Offering
News Release
NORTHWEST COPPER ANNOUNCES CLOSING OF THIRD TRANCHE OF
PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT AND CLOSE OF
RIGHTS OFFERING
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia – January 2, 2024 –– NorthWest Copper Corp. (“NorthWest” or “the Company”) (TSX -
V: NWST) is pleased to announce the closing of the third tranche of the previously announced Concurrent Private
Placement and the closing of the previously announced Rights Offering1.
Shareholders subscribed for a total of 8,316,425 common shares of the Company pursuant to the Rights Offering for
gross proceeds of approximately $ 873,224. The remaining rights expired unexercised on December 28, 2023. The
third tranche of the Concurrent Private Placement consists of 2,828,571 common shares of the Company for gross
proceeds of approximately $297,000. The total gross proceeds from the Rights Offering and the Concurrent Private
Placement to date are $1,684,436 and will be used for working capital purposes. Further tranche closings of the
Concurrent Private Placement will occur in the coming weeks.
The common shares issued pursuant to the third tranche Concurrent Private Placement are subject to a four month
and a day hold period expiring April 30 , 202 4, in accordance with applicable Canadian securities laws, and TSX
Venture Exchange hold period, as applicable.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of
any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the
securities in the United States of America. The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the “1933 Act”) or any state securi ties laws and may not be offered or
sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the
1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption f rom such
registration requirements is available.
About NorthWest Copper:
NorthWest Copper is a copper-gold explorer with an exciting pipeline of projects in British Columbia. With a robust
portfolio in a tier one jurisdiction, NorthWest Copper is well positioned to participate fully in a strengthening global
copper market. We are committed to responsible mineral explo ration which involves working collaboratively with
First Nations to ensure future development incorporates stewardship best practices and traditional land use.
Additional information can be found on the Company’s website at www.northwestcopper.ca.
On Behalf of NorthWest Copper Corp.
“Grant Sawiak”
Executive Chair, NorthWest Copper
1 Please see NorthWest’s press release dated November 27, 2023 available under the Company’s profile on SEDAR+ and at
www.northwestcopper.ca
2
For further information, please contact:
Peter Lekich, Director Investor Relations
Tel: 778-389-2446
Email: [email protected]
Neither 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.
Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward -looking information” within the meaning of applicable securities laws. All
statements, other than statements of historical fact, are forward-looking statements and are based on expectations,
estimates and projections as at the date of this news release. Any statement that involves discus sion with respect
to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance
(often, but not always using phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and
phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or
be achieved) are not stateme nts of historical fact and may be forward -looking statements . In this news release,
forward-looking statements relate, among other things, to statements with respect to: the completion of
subsequent tranches of the Concurrent Private Placement.
All statements, other than statements of historical fact, included herein, constitutes forward -looking information.
Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”,
“believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”,
“could” or “might” occur or be achieved and other similar expressions. All statements, other than statements of
historical fact, included herein, are forward-looking statements, and include: the completion of subsequent tranches
of the Concurrent Private Placement; and the final approval of the TSX Venture Exchange for the Concurrent Private
Placement and Rights Offering. Although NorthWest believes that the expectations reflected in such forward-looking
information and/or information are reasonable, undue reliance should not be placed on forward-looking information
since NorthWest can give no assurance that such expectations will prove to be correct. Forward-looking information
involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ
materially from those anticipated in such forward -looking information, including the risks, uncertainties and other
factors identified in NorthWest’s periodic filings with Canadian securities regulators. Forward -looking information
are subject to business and economic risks and uncertainties and other factors that could cause actual re sults of
operations to differ materially from those contained in the forward-looking information. Important factors that could
cause actual results to differ materially from NorthWest’s expectations include risks associated with the business of
NorthWest; risks related to reliance on technical information provided by NorthWest; risks related to exploration
and potential development of the Company’s mineral properties; business and economic conditions in the mining
industry generally; fluctuations in commodi ty prices and currency exchange rates; uncertainties relating to
interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of
government agencies and First Nation groups in the exploration and development of properties and the issuance of
required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability
and terms of future financing; the possibility of delay in exploration or development programs a nd uncertainty of
meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental
approvals; and other risk factors as detailed from time to time and additional risks identified in NorthWest’s filings
with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.c om).
3
Forward-looking information is based on estimates and opinions of management at the date the information are
made. NorthWest does not undertake any obligation to update forward -looking information except as required by
applicable securities laws. Investors should not place undue reliance on forward-looking information.