King Copper Discovery Corp. Announces $15 Million Financing

Core Points - King Copper Discovery Corp has arranged a non-brokered private placement financing of up to 65,217,392 common shares at a price of $0.23 per share, aiming for gross proceeds of up to $15 million [1][2] - A strategic investor will participate in the financing, expected to hold approximately 9.99% ownership interest in King Copper on an undiluted basis [2][3] - Proceeds from the financing will be utilized for advancing exploration, including a diamond drilling program at the Colquemayo copper-gold project, and for working capital [2][3] Financing Details - The expected closing date of the financing is September 17, 2025, and it is subject to various conditions, including approval from the TSX Venture Exchange [4] - Finder's fees may be applicable, and all securities issued will be subject to a statutory four-month hold period [4] - Eventus Capital Corp has been appointed as an advisor for the financing [4] Strategic Investor Agreement - Upon closing, King Copper and the investor will enter into an investor rights agreement, granting the investor rights to participate in future equity financings and to maintain their ownership percentage [3] - The investor will have the right to nominate one person to the board of directors, increasing to two if the board size expands to eight or more directors [3] Company Overview - King Copper is a TSXV-listed exploration company focused on the Colquemayo gold-copper project in South America, led by a team with a history of multiple gold-copper-silver discoveries [7]