By Sheri Kasprzak
Atlanta, Dec. 9 - Getty Copper Inc. said Wednesday it has finished a non-brokered private placement for C$1.1 million.
The offering is comprised of 4.4 million units at C$0.25 each. The units include one share and one warrant.
The two-year warrants allow for an additional share at C$0.30 for the first year and C$0.35 for the second.
Getty is a copper exploration company based in Coquitlam, B.C. The company plans to use the proceeds of the offering to pay expenses and for general working capital.
| Issuer: | Getty Copper Inc.
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| Issue: | Units of one share and one warrant
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| Amount: | C$1.1 million
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| Shares: | 4.4 million units
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| Price: | C$0.25
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.30 in the first year; C$0.35 in the second year
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| Settlement date: | Dec. 8
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| Stock price: | C$0.205 at close Dec. 8
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