
Getty Copper Announces up to C$15 Million LIFE Offering
Newsfile Corp
公開日時: Sep 18, 2026, 08:11 PM GMT+9
Sentiment Analysis
Getty Copper Inc. (GTC) announces that it has entered into an agreement with Velocity Capital Partners, as lead agent and joint bookrunner, on its own behalf and on behalf of Clarus Securities Inc., as co-lead agent and joint bookrunner and a syndicate of other agents, in connection with a "best efforts" private placement offering pursuant to the Listed Issuer Financing Exemption (as defined herein). The Brokered Offering consists of any combination of: common shares of the Company that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) at a price of C$1.395 per share; and common shares of the Company that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Tax Act) at a price of C$1.305 per share, for aggregate gross proceeds to the Company of up to approximately C$13 million. The Company also announces that it intends to issue, on a non-brokered private placement basis, up to 1,855,000 common shares of the Company that will qualify as "flow-through shares" (within the meaning of subsection 66(15) the Tax Act) at a price of C$1.080 per share for gross proceeds of up to approximately C$2,000,000. The Company will use an amount equal to the gross proceeds received by the Company from the Offering to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as both terms are defined in the Tax Act; and, in respect of the BC Charity FT Shares, an expenditure that also meets the criteria set forth in the definition of the term "BC flow-through mining expenditure" in subsection 4.721(1) of the Income Tax Act (British Columbia) (collectively the "Qualifying Expenditures") on or before December 31, 2027, and to renounce all the Qualifying Expenditures in favour of the initial subscribers of the Offered Securities effective December 31, 2026 in an aggregate amount of not less than the gross proceeds from the sale of the Offered Securities. In the event that the Company does not renounce on or prior to December 31, 2026 Qualifying Expenditures in amount equal to the BC Charity FT Issue Price, the Charity FT Issue Price and the FT Share Issue Price for each BC Charity FT Share, Charity FT Share and FT Share purchased and/or if the amount of the Qualifying Expenditures is reduced upon assessment or reassessment by the Canada Revenue Agency, the Company will indemnify each applicable subscriber for the additional income taxes payable by such subscriber as a result of the Company's failure to renounce the Qualifying Expenditures or as a result of the reduction. The Offering is expected to close on or about September 30, 2026, or such other date as the Company and the Agents may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions, the securities issuable under the Offering will be offered for sale to purchasers resident in each of the provinces of Canada, except Québec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45.
Source: Newsfile Corp
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