Trading Symbol TSX V: GTC
VANCOUVER, Dec. 3, 2019 /CNW/ - Getty Copper Inc.
(TSXV: "GTC") is pleased to announce a proposed non-brokered
private placement financing of up to 6,000,000 non flow-through
units (the "NFT Units") at a price of $0.05 per NFT Unit for gross proceeds of
$300,000 and 4,000,000 flow-through
Units (the "FT Units") at a price of $0.075 per FT Unit for gross proceeds of up to
$300,000.
Each NFT Unit will be comprised of one common share of Getty and
one common share purchase warrant (a "Warrant"), with each Warrant
entitling the holder to purchase one additional common share at
$0.08 per share for a period of two
years from the date of issue.
Each FT Unit will be comprised of one flow-through common share
of Getty and one half of one non flow-through common share purchase
warrant (a "Warrant"). Each whole Warrant will entitle the
holder to purchase one additional common share at $0.08 per share for a period of two years from
the date of issue.
The Company will pay a commission or finder's fee of up to 6% of
the gross proceeds to investment dealers or finders (where
permitted by law).
The proceeds from the private placement will be used to complete
work on Getty's mineral properties, repay corporate debt and for
general working capital purposes.
Closing of the private placement is subject to TSX Venture
Exchange approval.
ON BEHALF OF THE BOARD OF DIRECTORS
John Lepinski, Managing
Director
The TSX Venture Exchange does not accept responsibility for
the adequacy or accuracy of this news release.
The foregoing statements are forward-looking statements
but reflect the current expectations of management with respect to
future events and performance. Wherever used, the words "may,"
"will," "anticipate," "intend," "expect," "plan," "believe," and
similar expressions identify forward-looking statements.
Forward-looking statements should not be read as guarantees of
future performance or results, and will not necessarily be accurate
indications of whether, or the times at which, such performance or
results will be achieved.
Forward-looking statements are based on information available
at the time they are made, assumptions made by management, and
management's good faith belief with respect to future events, and
are subject to the risks and uncertainties of mineral
exploration.
SOURCE Getty Copper Inc.