CopperCorp Closes Final Tranche of Private Placement Raising $2.5M with Lead Order from Crescat Capital

Core Viewpoint - CopperCorp Resources Inc. has successfully closed the second and final tranche of its private placement, raising a total of $2,500,319 to support its exploration activities in Tasmania, particularly at the Razorback project [1][5]. Group 1: Private Placement Details - The second tranche involved the issuance of 10,882,354 Units, with Crescat Portfolio Management LLC being a significant investor, now holding 9.3% of CopperCorp's issued shares on an undiluted basis [2][4]. - Each Unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.13 for two years [4]. Group 2: Use of Proceeds - The funds raised will be allocated for exploration drilling and development of the Hydes and Jukes properties in western Tasmania, as well as for general working capital [5]. Group 3: Strategic Insights - Crescat's CEO expressed confidence in CopperCorp's potential to discover a copper-gold deposit in Tasmania, highlighting the company's strategic land holdings around the Mt Lyell deposit [3]. - The company is set to commence drilling at high-priority targets, including Hydes, which has not been drilled before, indicating a proactive approach to exploration [3][5]. Group 4: Insider Participation - Insiders participated in the Offering, acquiring a total of 352,941 Units, which is classified as a related party transaction under TSX Venture Exchange policies [8].