King Copper Discovery Corp. Announces Closing of $15 Million Financing

Group 1 - King Copper Discovery Corp has successfully closed a non-brokered private placement offering, raising approximately $15 million through the issuance of 65,217,390 common shares at a price of $0.23 per share [1][2] - The net proceeds from the financing will be allocated towards advancing exploration activities, specifically diamond drilling at the Colquemayo copper-gold project, as well as for general working capital [2] - A strategic investor has acquired approximately 9.99% ownership in King Copper and has been granted rights to participate in future equity financings and to nominate board members under certain conditions [3] Group 2 - Insiders, including a director and a corporate subscriber controlled by an officer, subscribed for a total of 300,000 shares, generating gross proceeds of $69,000, which qualifies as related party transactions [4] - The financing is subject to a statutory hold period of four months plus one day, expiring on January 16, 2026, and the company paid $111,141 to eligible finders in connection with the financing [5] - Eventus Capital Corp acted as an advisor to King Copper for this financing transaction [5]