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US Copper Corp ( (TSE:USCU) ) just unveiled an announcement.
US Copper Corp has successfully completed a $500,000 non-brokered private placement, issuing 10,000,000 units at $0.05 per unit. Each unit comprises one common share and one warrant, with the warrants allowing purchase at $0.08 within two years. The raised funds are intended for general working capital purposes, and the involvement of company insiders in the transaction highlights a ‘related party transaction’ situation. This move is likely to support US Copper’s operational liquidity and could enhance its market positioning by demonstrating insider confidence in the company’s strategies.
More about US Copper Corp
US Copper Corp is a company operating in the mining industry, focusing on the exploration and development of copper resources. The company is listed on the TSX Venture Exchange, OTCQB, and Frankfurt Stock Exchange, highlighting its presence in the international market.
YTD Price Performance: 37.50%
Average Trading Volume: 153,427
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$6.7M
Learn more about USCU stock on TipRanks’ Stock Analysis page.
