Granite Creek Copper Ltd. Completes $1.5 Million Private Placement

Granite Creek Copper Ltd., announced the completion of its previously publicized private placement, raising a total of $1.5 million. This financial milestone was achieved through the issuance of 37,500,000 units, priced at $0.04 each. Integral to each unit sold is a share purchase warrant, which grants the holder the right to acquire an additional share at $0.07 over the next 24 months.

Following this significant financial move, all shares issued are subjected to a four-month holding period. This aligns with applicable securities laws and the policies of the TSX Venture Exchange. Notably, this financing move is pending final approval from the TSX Venture Exchange. The proceeds from this private placement are earmarked for bolstering the company's working capital.

Equally noteworthy is the participation of the company's officers and directors, who collectively subscribed to over two million units. Their involvement is classified as a "related party transaction," albeit it falls within the exemption limits set by regulatory bodies, not exceeding 25% of the company’s market capitalization.

Granite Creek's strategic financial efforts underscore its commitment to further capitalizing on its exploration initiatives and strengthening its operational capacity, all aimed at advancing its key projects in North America's mining sector.