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Source: Three Valley Copper
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  • Three Valley Copper (TVC) has entered into an amending agreement to increase the size of its bought deal financing for gross proceeds of $16,000,000
  • The company will issue 50,000,000 units at a price of C$0.32 per unit
  • The underwriters have been granted an over-allotment option
  • he offering is expected to close on or around November 18, 2021
  • Proceeds will be used to fund the advancement of the company’s flagship Minera Tres Valles project
  • Three Valley Copper is a Canadian-based mining company focused on growing copper production from its primary asset, the Minera Tres Valles mine in Chile
  • Three Valley Copper Corp. (TVC) is down 14.47 per cent, trading at C$0.325 per share at 11 am ET

Three Valley Copper (TVC) has increased its bought deal financing for gross proceeds of $16,000,000.

The company will issue 50,000,000 units at a price of C$0.32 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one common share at a price of C$0.45 for a period of 30 months from the closing of the offering.

The underwriters have been granted an over-allotment option to purchase up to an additional 15 per cent of the units sold.

The previously announced offering is expected to close on or around November 18, 2021 and is subject to the approval of the TSXV.

The net proceeds will be used to fund the advancement of the company’s flagship Minera Tres Valles project and for working capital and general corporate purposes.

Three Valley Copper is a Canadian-based mining company focused on growing copper production from its 91 per cent owned asset, Minera Tres Valles in Salamanca, Chile.

Three Valley Copper Corp. (TVC) is down 14.47 per cent, trading at C$0.325 per share at 11 am ET.

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