Canadian Copper Inc. Announces Closing of $44M Project Financing with OR Royalties Inc.
Canadian Copper closed a $43.8 million financing package with OR Royalties, combining a precious metals stream and an equity subscription to fund the Murray Brook Project and Caribou Process Plant. The transaction includes an upfront deposit of $7.02 million and an equity subscription of $5.48 million at $0.75 per share, representing a 20% premium to the prior closing price.
Key figures
- Deal Value Usd
- $43,830,000
- Offering Price
- 0.75
- Shares Offered
- 7306666
- Finder fee
- $328,800
- Stream value
- $38,350,000
- Upfront deposit
- $7,020,000
- Construction funding
- $31,500,000
- Equity subscription amount
- $5,480,000
AI analysis
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