Gunnison Copper Announces Listed Issuer Financing Exemption (LIFE) Private Placement of Units

Core Viewpoint - Gunnison Copper Corp. announces a non-brokered private placement to raise funds for its Gunnison Copper Project, aiming to define high-value opportunities and commence drilling and metallurgical testing activities [1][2][3] Group 1: Offering Details - The private placement consists of a minimum of 6,666,700 and up to a maximum of 22,940,000 units, priced at C$0.30 per unit, with gross proceeds ranging from C$2,000,010 to C$6,882,000 [1] - Each unit includes one common share and one-half of a common share purchase warrant, with full warrants allowing the purchase of additional shares at C$0.45 for 24 months [1] - The offering is made under the Listed Issuer Financing Exemption, allowing for no resale restrictions under Canadian securities laws [5] Group 2: Use of Proceeds - Net proceeds will fund the High Value Work Program and initiate drilling and metallurgical testing for a pre-feasibility study [2] - Combined with a previous non-dilutive funding transaction of US$3 million from Nuton, total proceeds could reach C$6.29 million (minimum offering) or C$11.17 million (maximum offering) [3] Group 3: Company Overview - Gunnison Copper Corp. is focused on developing and operating copper mines in Southern Arizona, with a commitment to local hiring and community investment [9] - The flagship Gunnison Copper Project has a measured and indicated mineral resource of over 831 million tons at a total copper grade of 0.31%, with a preliminary economic assessment showing an NPV of $1.3 billion and an IRR of 20.9% [10] - The Johnson Camp Mine is under construction, expected to produce up to 25 million lbs of finished copper cathode annually, fully funded by Nuton LLC [12]