US Copper Corp Proposes $500,000 Non-Brokered Private Placement
US Copper Corp Proposes $500,000 Non-Brokered Private Placement
TORONTO, CANADA, January 24, 2025 – US Copper Corp (“US Copper” or the “Company”)
(TSX Venture: USCU) (OTCQB: USCUF) (Frankfurt: C73) announces a proposed non-brokered
private placement for aggregate gross proceeds of up to $500,00 0 comprised of up to 10,000,000
units at a price of $0.05 per uni t (each such unit being compri sed of one common share and one
warrant) (the " Offering"). Each whole warrant will entitle the holder to purchase one common
share for $0.08 at any time within 2 years after closing. All securities issued pursuant to this private
placement will be subject to a four (4) month hold period. Com pletion of the Offering is subject
to receipt of all required regulatory and TSX Venture Exchange approvals.
The Company intends to use the proceeds of the Offering for general working capital purposes.
In addition, the Company would also like to announce that its B oard has approved the grant of
6,350,000 stock options to certain directors, officers and cons ultants of the Company, subject to
regulatory and TSX Venture Exchange approval. The stock options h a v e b e e n i s s u e d w i t h a n
exercise price of $0.10 per share, vest immediately, and have a 3-year term.
For Further Information Contact:
Mr. Stephen Dunn, President, CEO and Director, US Copper Corp ( 416) 361-2827 or email
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 press release.
This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities
laws and regulations, including statements regarding th e future activities of the Company. Forward-looking
statements reflect the current beliefs and expectations of management and are identified by the use of words including
“will”, “hopes”, “anticipates”, “expected to”, “plans”, “p lanned”, “intends” and other similar words. Actual
results may differ significantly. The achievement of the resu lts expressed in forward-looking statements is subject to
a number of risks, including those described in the Company’s management discussion and analysis as filed with the
Canadian securities regulatory authorities which are available at www.sedarplus.ca. Investors are cautioned not to
place undue reliance upon forward-looking statements.