American Copper Development Corporation Announces Private Placement

Group 1 - The company, American Copper Development Corporation, announced a non-brokered private placement of up to 5,350,000 units at a price of CAD$0.225 per unit, aiming for aggregate gross proceeds of up to CAD$1,203,750 [1] - Each unit consists of one common share and one transferable share purchase warrant, with each warrant exercisable to purchase one additional common share at a price of CAD$0.30 for a period of 18 months from the closing date [1] - The proceeds from the private placement will be used for general working capital purposes [2] Group 2 - The private placement is subject to the approval of the Canadian Securities Exchange (CSE), and all securities issued will be subject to a statutory hold period of four months and one day, along with a voluntary lock-up where one-third of the securities will be released from escrow every six months after closing [3] - Finder's fees may be payable in connection with the private placement, in accordance with CSE policies and applicable securities laws [3] Group 3 - The company is engaged in mineral exploration and the acquisition of mineral property assets, with the objective of locating and developing economic precious and base metal properties [4]