NorthWest Copper Announces Non-Brokered Private Placement Financing

Core Viewpoint - NorthWest Copper Corp. is conducting a non-brokered private placement financing of up to 2,500,000 units at a price of $0.20 per unit, aiming for gross proceeds of up to $500,000 [1][2] Group 1: Private Placement Details - Each unit consists of one common share and one half of a non-transferable common share purchase warrant, with each whole warrant exercisable for an additional common share at an exercise price of $0.30 for a period of 2 years [1] - Proceeds from the private placement will primarily fund general working capital purposes [2] - The private placement is subject to approval from the TSX Venture Exchange, and all common shares issued will be subject to a four-month hold period from the closing date [2] Group 2: Insider Participation and Related Party Transactions - Certain insiders of the company are expected to acquire common shares, which will be considered a "related party transaction" under Multilateral Instrument 61-101 [3] - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements due to the fair market value of related party participation being below 25% of the company's market capitalization [3] Group 3: Company Overview - NorthWest Copper is a copper and gold exploration and development company with a portfolio of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [5] - The company is positioned to benefit from a strengthening global copper market and a robust gold market, emphasizing responsible mineral exploration in collaboration with First Nations [5]