Trading Symbol TSX V: GTC
VANCOUVER, BC, Sept. 22, 2021 /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 3,000,000 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
shares (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 two years from closing subject to the
Company's option to accelerate the expiry date of the warrants in
the event, at any time subsequent to four months following their
issuance, the closing price of the Company's common shares shall
exceed $.20 per common share for 10
consecutive trading days.
The Company will pay a finders 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
finders 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
John Lepinski, CEO
The TSX Venture Exchange does not accept responsibility for
the adequacy or accuracy of this release
SOURCE Getty Copper Inc.