VANCOUVER, BC,
June 27,
2022 /CNW/ - Getty
Copper Inc. (TSXV: GTC) ("Getty") announces that,
subject to regulatory approval, the Company's board of
directors have approved a private placement of up to
3,500,000 units at $ .20 per unit with each unit consisting of 3
flow through common shares, 1 non flow
through common share, 3 warrants to purchase flow through shares,
and 1 warrant to purchase a non flow through common
share (total 4 shares and 4 warrants price equivalent to
$.05 for each share
with warrant). Each warrant will be exercisable to
purchase an additional common share at $.10 per share for a period of three years from
closing, subject to the Company's option to accelerate the expiry
date of the warrants in the event, at any time after the four
months following their issuance, the closing price of the Company's
common shares exceeds $.30 per common
share for 20 consecutive trading days.
The Company will pay a finder's fee to registered investment
dealers or exempt market dealers of up to 8% of the proceeds and
will issue finders warrants equal to 8% of the number of shares
comprising the units sold to parties introduced by the finder. The
finder's warrants will be exercisable for a period of 12 months to
purchase a non flow through common share at $.10 per share.
The proceeds of the placement will be used to complete work
programs on the Company's Getty properties in the Highland Valley
and for general corporate purposes.
ON BEHALF OF THE BOARD OF DIRECTORS
Philip A. Potter, CEO
The TSX Venture Exchange
does not accept
responsibility for the adequacy or accuracy of this release
1000 Austin
Ave., Coquitlam, B.C., Canada V3K 3P1
Tel:(604) 931-3231 Fax: (604) 931-2814
www.gettycopper.com TSX Venture
Exchange: GTC E-mail: getty@telus.net
SOURCE Getty Copper Inc.