|Bid||0.0300 x 0|
|Ask||0.0350 x 0|
|Day's Range||0.0325 - 0.0325|
|52 Week Range||0.0300 - 0.2050|
|Beta (3Y Monthly)||0.46|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The non-brokered private placement consisted of the placement of 5,900,000 flow-through units (“FT Unit”) and 5,900,000 non-flow-through units (“NFT Unit”) each being placed at a price of $0.05 per unit. The FT Unit was comprised of one share and one-half share purchase warrant exercisable at a price of $0.075 for a period of eighteen (18) months from the date of closing the private placement. The non-flow-through placement consisted of 5,900,000 units (“NFT Unit”) consisting of one share and a full warrant and are exercisable at a price of $0.05 for a period of eighteen (18) months following the date of closing of the private placement.
This news release is not for distribution in the United States or over United States newswires. A large portion of the funds being raised are intended to fund the first phase of an exploration program recommended on the Stony Lake Property which will be acquired by District Copper concurrently with the closing of a private placement.
District Copper Corp. (“District Copper” or the “Company”) (DCOP.V) is pleased to announce that it has received TSX conditional approval for its proposed acquisition of the Stony Lake East Property (the “Property”), located in the province of Newfoundland, on amended terms that eliminate the minimum work requirements as set out in the Company’s news release of August 15th, 2018. The conditional approval requires that the Company raise, by way of a private placement, no less than $400,000 in order to fund the first phase of a recommended exploration program on the Property.