King Copper Discovery proposes $15 million private placement

King Copper Discovery Corp. (TSXV: KCP, OTCQB: TBXXF, FSE: 3RI0) announced a proposed non-brokered private placement financing of 25 million units priced at $0.60 per unit for gross proceeds of up to $15 million.

Each unit consists of one common share and one share purchase warrant exercisable at $0.98 for two years. The company expects to close the financing on January 15, 2026, subject to TSX Venture Exchange approval and other conditions.

All securities issued will be subject to a statutory four-month hold period under applicable securities law. Finders' fees may be payable on the transaction.

The Vancouver-based company plans to use proceeds for general working capital and ongoing assessment of copper exploration and development opportunities in South America. King Copper Discovery operates mineral exploration properties in Argentina and Peru.

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