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Thane Property
Source: Interra Copper
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  • Interra Copper (IMCX) has closed a non-brokered private placement for gross proceeds of $201,500
  • The company issued 925,000 flow-through units and 110,000 non-flow-through units
  • Proceeds from the sale of the FT units will be used to fund exploration programs on the Thane Property
  • Proceeds from the sale of the non-flow-through units will be used for general working capital purposes
  • Interra is a junior exploration and development company
  • Interra Copper Corp. (IMCX) opened trading at C$0.135 per share

Interra Copper (IMCX) has closed a non-brokered private placement for gross proceeds of $201,500.

The company issued 925,000 flow-through units at a price of $0.20 per FT unit and 110,000 non-flow-through units at a price of $0.15 per unit.

Each FT and non-flow-through unit consists of one common share and one non-flow-through warrant exercisable at $0.30 for 24 months from the date of issuance. 

Proceeds from the sale of the FT units will be used to fund exploration programs on the Thane Property in north-central British Columbia. Proceeds from the sale of the non-flow-through units will be used for general working capital purposes.

All securities issued are subject to a hold period of four months and one day from the date of closing.

Interra is a junior exploration and development company. Its assets include the Thane Property in north-central British Columbia.

Interra Copper Corp. (IMCX) opened trading at C$0.135 per share.

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