
July 28, 2022
Interra Copper Corp. (CSE: IMCX, OTCQB: IMIMF, FRA: 3MX) ("Interra" or the "Company") is pleased to announce that, further to its news release of July 22, 2022, it has closed its non-brokeredprivate placement ("Private Placement") issuing an aggregate of 220,000 common shares in its capital (the "Shares") at a price of $0.50 per Share for gross proceeds of $110,000.
Proceeds from the sale of the Shares will be used for general corporate purposes (working capital) and to maintain a strong treasury balance for the balance of 2022.
All securities issued in connection with the Private Placement are subject to a hold period expiring November 29, 2022, being the date that is four months and one day from the date of closing of the Private Placement in accordance with applicable Canadian securities laws.
Jason Nickel, Chief Executive Officer and Director of the Company, participated in the Private Placement by purchasing 20,000 Shares. As such, the transaction constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security holders in Special Transactions ("MI 61-101"). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Private Placement as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the related party, exceeded 25% of the Company's market capitalization. The Company did not file a material change report more than 21 days before the closing of the Private Placement as the details of the participation therein by a related party of the Company had not been determined until shortly prior to closing of the Private Placement.
The securities offered have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
ON BEHALF OF INTERRA COPPER CORP.
Jason Nickel, P.Eng.
Chief Executive Officer
Telephone: +1-604-754-7986
Email: CEO@interracopper.com
INVESTOR RELATIONS:
Email: invest@interracopper.com
Telephone: +1-604-245-0054
Website: https://interracopper.com
INTERRA COPPER CORP.
Interra is a junior exploration and development company focused on creating shareholder value through the advancements of its current assets that include the Thane Property in north-central British Columbia. Utilizing its heavily experienced management team, Interra continues to source and evaluate assets to further generate shareholder value.
The Thane Property covers approximately 206 km2 (50,904 acres) and is located in the Quesnel Terrane geological belt of north-central British Columbia, midway between the previously- operated open pit Kemess Mine and the current open pit Mount Milligan mine, both two copper- gold porphyry deposits. The Thane Property includes several highly prospective mineralized areas identified to date, including the `Cathedral Area' on which the Company's exploration is currently focused.
Forward-Looking Statements: This press release contains "forward-looking information or statements" within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to the use of proceeds from the Private Placement. All statements in this release, other than statements of historical facts that address events or developments that the Company expects to occur, are forward- looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward- looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. Such forward- looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties, and assumptions. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law. The Canadian Securities Exchange has not reviewed, approved or disapproved of the contents of this news release.
IMCX:CC
The Conversation (0)
27 December 2023
Interra Copper
Exploring Prolific Assets in Established Copper Belts in Canada and Chile
Exploring Prolific Assets in Established Copper Belts in Canada and Chile Keep Reading...
02 May 2024
Interra Initiates New Exploration Program at Thane Copper-Gold Project
Interra Copper Corp. (CSE: IMCX) (OTCQB: IMIMF) (FSE: 3MX) ("Interra" or the "Company") is pleased to provide details of the first phase of the planned 2024 exploration program at the Thane Copper-Gold Project (the "Project" or "Thane") in North Central British Columbia.THANE PROJECT... Keep Reading...
26 April 2024
Interra Provides Rip Copper Molybdenum Project Exploration Update
Interra Copper Corp. (CSE: IMCX) (OTCQB: IMIMF) (FSE: 3MX) ("Interra" or the "Company") is pleased to provide detail of the first phase exploration program at the Rip Copper Project (the "Project" or "Rip") in the Stikine region of British Columbia. The Rip Project is situated approximately 33... Keep Reading...
19 March 2024
Interra Copper Issues Letter to Shareholders
Interra Copper Corp. (CSE: IMCX) (OTCQB: IMIMF) (FSE: 3MX) ("Interra" or the "Company") is pleased to issue the following letter from its Chairman, President & Chief Executive Officer, Rick Gittleman, updating shareholders on the Company's plans for unlocking value from its assets while... Keep Reading...
16 January 2024
Interra Copper Announces Securities for Debt Settlement
Interra Copper Corp. (CSE: IMCX) (FSE: 3MX) ("Interra" or the "Company") announces that it has entered into a securities for debt settlement agreement dated January 15, 2024 (the "Agreement") with a professional advisor of the Company.Pursuant to the Agreement, the Company has agreed to settle... Keep Reading...
29 December 2023
Interra Copper Announces Distribution of Securities for Debt Settlement
Interra Copper Corp. (CSE: IMCX) (FSE: 3MX) ("Interra" or the "Company") announces that, further to its news release of December 19, 2023, the Company has distributed an aggregate of 282,148 units (each, a "Unit") at a deemed price of $0.25 per Unit in connection with a securities for debt... Keep Reading...
22 October
Top 5 Junior Copper Stocks on the TSXV in 2025
Junior copper stocks are seeing significant support from the copper supply-demand story in 2025 as companies work to make the next big copper discovery. Copper prices were volatile in the third quarter, driven by concerns over tariffs and a mine closure. To start the quarter, the price of copper... Keep Reading...
21 October
5 Best-performing Copper Stocks on the TSX in 2025
Copper prices have seen considerable gains in 2025, reaching a record high on the COMEX of US$5.68 per pound on July 8. Rising prices and supportive policy have elevated many copper stocks.Copper tariffs were the story surrounding the market to start the third quarter, not only pushing the price... Keep Reading...
21 October
Steadright Signs MOU for Historic Polymetallic Copper-Lead-Zinc-Silver-Gold Goundafa Mine in Morocco
Steadright Critical Minerals Inc. (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce a Memorandum of Understanding (MOU) has been signed with Ste Commerciale et Minière du Sahara (CMS) that is the license holder of an historic polymetallic Zinc-Lead-Silver-Copper-Gold mine,... Keep Reading...
21 October
New VMS Licence Award at Rulikha Deposit
East Star Resources Plc (LSE:EST), which is exploring for copper and gold in Kazakhstan, is pleased to announce it has been awarded a new exploration licence - 3631-EL (the "Licence"), encompassing the remaining part of the induced-polarisation (IP) anomaly north of the Rulikha Deposit.With the... Keep Reading...
20 October
Copper Price Update: Q3 2025 in Review
Copper prices were volatile during Q3, swinging to record highs of US$5.81 per pound on the COMEX.The movement was fueled by traders importing copper products into the US following President Donald Trump’s tariff announcement on July 8. However, prices fell in early August as the White House... Keep Reading...
20 October
Panama Sets Firm Ownership Terms Ahead of Cobre Mine Negotiations
Panama will demand that any new deal to reopen the US$10 billion Cobre Panama copper mine explicitly recognizes the state’s ownership of the land and its mineral resources, Finance Minister Felipe Chapman said according to a Bloomberg report.“For us, it’s important to have an agreement that... Keep Reading...
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00







