Alpha Copper Announces Closing of Private Placement
Alpha Copper Announces Closing of Private Placement
VANCOUVER, British Columbia, December 2, 2024, Alpha Copper Corp. (“ Alpha” or the
“Company”) (CSE: ALCU) is pleased to announce it has closed its previously announced non-
brokered private placement of units of the Company (“Units”). The Company issued an aggregate
of 4,499,999 Units at a price of $0.09 per Unit for gross proceeds of $404,999.91, with each Unit
comprised of one common share of the Company and one common share purchase warrant (the
“Offering”). Each warrant is exercisable to acquire one common share of the Company at a price
of $0.12 per share for a period of 24 months from the date of issuance.
Certain directors and officers of the Company are acquiring Units under the Offering. Such
participation is considered to be a “related party transaction” as defined under Multilateral
Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-
101”). The transaction will be exempt from the formal valuation and minority shareholder
approval requirements of MI 61-101 as neither the fair market value of any Units issued to, or
the consideration paid by, such persons will exceed 25% of the Company's market capitalization
All securities issued in connection with the Offering are subject to a hold period of four months
and one day pursuant to applicable securities laws.
The Company intends to use the net proceeds of the Offering for general working capital
purposes and to satisfy existing property commitments and payables.
About Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) (FWB: PP0)
Alpha Copper is focused on contributing to the green economy by finding and developing copper
resource assets in stable jurisdictions. The Company is positioned to earn a 60-per-cent interest
in the Indata copper-gold project located in north-central British Columbia. After the acquisition
of Cavu Energy Metals, the Company has acquired 100% of the Star copper-gold porphyry project
in the Golden Triangle of British Columbia, as well as the 100% owned Quesnel project in the
middle of the Quesnel Trough, host to a number of alkalic copper-gold porphyry deposits running
northwest across western British Columbia. The company also holds a 100% interest in the
Copper-Molybdenum Okeover project north of Powell River.
For more information visit https://alphacopper.com/.
On Behalf of the Board of Directors of Alpha
~Darryl Jones~
Darryl Jones
CEO, President & Director
Alpha Copper Corp.
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Contact Alpha Copper
Invictus Investor Relations
+1 (604) 343.8661
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and other statements that are not
historical facts. Forward-looking statements are often identified by terms such as “will”, “may”,
“should”, “anticipate”, “expects” and similar expressions. All statements other than statements
of historical fact, included in this news release are forward-looking statements that involve risks
and uncertainties. Forward-looking statements in this press release include, but are not limited
to, statements regarding the use of proceeds from the Offering. There can be no assurance that
such statements will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company’s expectations include but are not limited to market
conditions and the risks detailed from time to time in the filings made by the Company with
securities regulators. The reader is cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or circumstances may cause
actual results to differ materially from those predicted, as a result of numerous known and
unknown risks, uncertainties, and other factors, many of which are beyond the control of the
Company. The reader is cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may differ materially from those
anticipated. Forward-looking statements contained in this news release are expressly qualified
by this cautionary statement. The forward-looking statements contained in this news release are
made as of the date of this news release and the Company will update or revise publicly any of
the included forward-looking statements as expressly required by applicable law.