Trading Symbol TSX V: GTC
VANCOUVER, BC, Sept. 22, 2021 /CNW/ - Getty Copper Inc. (TSXV: "GTC") ("Getty") announces that ,subject to regulatory approval, the Company's board of directors have approved a private placement of up to 3,000,000 units at $ .20 per unit with each unit consisting of 3 flow through common shares, 1 non flow through common share , 3 warrants to purchase flow through shares and 1 warrant to purchase a non flow through common shares (total 4 shares and 4 warrants price equivalent to $.05 for each share with warrant) . Each warrant will be exercisable to purchase an additional common share at $.10 per share for a period of two years from closing subject to the Company's option to accelerate the expiry date of the warrants in the event, at any time subsequent to four months following their issuance, the closing price of the Company's common shares shall exceed $.20 per common share for 10 consecutive trading days.
The Company will pay a finders fee to registered investment dealers or exempt market dealers of up to 8% of the proceeds and will issue finders warrants equal to 8% of the number of shares comprising the units sold to parties introduced by the finder. The finders warrants will be exercisable for a period of 12 months to purchase a non flow through common share at $.10 per share.
The proceeds of the placement will be used to complete work programs on the Company's Getty properties in the Highland Valley and for general corporate purposes.
ON BEHALF OF THE BOARD OF DIRECTORS
John Lepinski, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release
SOURCE Getty Copper Inc.
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