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Getty Copper Inc. — Capital/Financing Update 2024
Aug 30, 2024
42913_rns_2024-08-30_8242ffde-13bf-44e0-96c9-ddb76fdc9a1e.pdf
Capital/Financing Update
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NEWS RELEASE
GETTY COPPER INC.
Trading Symbol TSX V: GTC
August 30, 2024
GETTY COPPER INC. CLOSES PRIVATE PLACEMENT
VANCOUVER, BC – August 30, 2024 - Getty Copper Inc. (the “Company”) (TSXV: GTC) is pleased to announce that it has closed its non-brokered private placement announced July 22, 2024 of 9,000,000 units (“Units”) at a price of $0.05 per Unit for gross proceeds of $450,000 (the “Offering”). Each Unit is comprised of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at $0.075 per share for a period of two years from the date of issuance.
All securities issued in connection with the Offering will be subject to a four‐month statutory hold period.
The Company did not pay any finders fees in connection with this Offering.
The proceeds of the Offering will used to conduct exploration programs on the Company’s mineral properties and for general corporate purposes.
A portion of the Offering (810,000 Units for a total of $40,500) being purchased by the John B Pub Ltd. (a company controlled by John Lepinski, an insider of the Issuer) represents a related party transaction. The transaction is exempt from the valuation and minority approval requirements of the TSXV Venture listings Policy 5.9 and Multilateral Instrument 61-101 under certain exemptions including the exemption if the fair market value of the transaction does not exceed 25% of the Issuer's market capitalization.
Completion of the private placement remains subject to the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
Tom MacNeill, CEO
GETTY COPPER INC. Phone: 604-931-3231 Fax: 604-931-2814
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release
1000 Austin Ave., Coquitlam, B.C., Canada V3K P1 Tel:(604) 931-3231 Fax: (604) 931-2814 TSX Venture Exchange: GTC E-mail: [email protected]