Replacement Entitlement Offer Prospectus

True North Copper Limited (ASX: TNC) has released its Prospectus announcement.

For a non-renounceable accelerated institutional and retail entitlement issue of one (1) Share for every two (2) Shares held by those Eligible Shareholders registered at the Record Date at an issue price of $0.056 per Share to raise up to approximately $16,699,765 (based on the number of Shares on issue as at the date of this Prospectus) (Entitlement Offer).

Shareholders who apply for their full entitlement will also be entitled to apply for additional Shares under the Shortfall Offer up to a maximum of 100% of their existing Entitlements.

This Prospectus also contains an offer up to 135,237,504 Shares at an issue price of $0.056 per Share to Institutional Investors to raise up to approximately $7,573,300 (Placement Offer).

The Entitlement Offer and the Placement Offer are fully underwritten by Canaccord Genuity (Australia) Limited (ACN 075 071 466) (AFSL 234666) (Canaccord) and Morgans Corporate Limited (ACN 010 539 607) (AFSL 235407) (Morgans) (together, the Underwriters).

IMPORTANT NOTICE

This document is important and should be read in its entirety. If after reading this Prospectus you have any questions about the Shares being offered under this Prospectus or any other matter, then you should consult your stockbroker, accountant or other professional adviser.

The Shares offered by this Prospectus should be considered highly speculative.

Not for release to US wire services or distribution in the United States except by the Underwriters to Institutional Investors.

This is a replacement prospectus dated 23 May 2024. It replaces the prospectus dated 23 May 2024 relating to the Shares of True North Copper Limited (ACN 119 421 868).

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