Gunnison Copper Announces Private Placement for Gross Proceeds of up to C$15.0 Million

Core Viewpoint - Gunnison Copper Corp. is initiating a non-brokered private placement to raise gross proceeds of up to C$15 million through the sale of units priced at C$0.45 each, aimed at funding various operational activities and debt repayment [1][3]. Group 1: Offering Details - The private placement will consist of up to 33,333,333 units, each unit comprising one common share and one-half of a common share purchase warrant, with warrants priced at C$0.65 for a period of 36 months [1][2]. - The offering will include up to 24,858,878 units available under the Listed Issuer Financing Exemption, allowing for immediate trading under Canadian securities legislation [4]. - The remaining 8,474,455 units will be offered through private placements in Canada, the U.S., and other jurisdictions, subject to a four-month hold period in Canada [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for drilling, metallurgical testing, permitting activities for the Gunnison Copper Project, general administrative expenses, partial debt repayment to Nebari, and general working capital [3]. Group 3: Company Overview - Gunnison Copper Corp. is a copper developer and producer controlling the Cochise Mining District in Southern Arizona, which contains 12 known deposits within an 8 km radius [10]. - The flagship Gunnison Copper Project has a measured and indicated mineral resource of over 831.6 million tons with a total copper grade of 0.31%, and a preliminary economic assessment indicating an NPV of $1.3 billion and an IRR of 20.9% [11]. - The Johnson Camp Asset, now in production, is fully funded by Nuton LLC, with a production capacity of up to 25 million lbs of finished copper cathode annually [13].