Each NFT Unit consists of one common share in the capital of the Company and one-half of one non-transferable common share purchase warrant, with the warrants having the same terms as the warrants associated with the FT units.įinders acting in connection with the Offering received aggregate cash fees of $60,960 and a total of 517,385 finders' warrants, with the warrants having the same terms as those in the Offering. Any unexercised warrants shall automatically expire at the end of the Accelerated Exercise Period. Concurrent with the giving of such notice, the Company will also issue a press release disclosing the Accelerated Exercise Period. If, at any time after completion, the volume weighted average trading price of Coast Copper's common shares on the TSX Venture Exchange (the ' Exchange'), or other principal exchange on which the common shares are listed, is greater than $0.225 for 10 consecutive trading days, the Company may, at its option, deliver a notice to the holders of the warrants accelerating the Expiry Date to the date that is 30 days following the date of such notice (the ' Accelerated Exercise Period'). ('Coast Copper' or the 'Company') (TSXV: COCO) (formerly Roughrider Exploration Limited) is pleased to announce that it has completed its previously announced non-brokered private placement (the ' Offering') (see news releases dated Novemand November 16, 2021), issuing 8,961,539 flow-through units (the ' FT Units') at an issue price of $0.13 per FT Unit and issuing 5,000,000 non flow-through units (the ' NFT Units') at an issue price of $0.10 per NFT Unit for gross proceeds of $1,665,000.Įach FT Unit consists of one common share, on a FT eligible basis, in the capital of Coast Copper and one-half of one non-transferable common share purchase warrant, with each whole warrant entitling the holder to acquire an additional common share of the Company at an exercise price of $0.15 per share with an expiry date (' Expiry Date') of May 25, 2023. NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

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