Infinitum Copper Announces C$450,000 Private Placement to Fund La Adelita Mining Operations

Infinitum Copper Corp., based in Vancouver, BC, is embarking on a private placement to secure C$450,000 in gross proceeds. The company plans to issue up to 22,500,000 units at C$0.02 per unit. These units include a common share and a purchase warrant, allowing buyers to acquire additional shares at C$0.03 over two years.

The aim of the funding is to commence mining operations at the La Adelita project, alongside general corporate purposes. CEO Matt Hudson highlighted the dual benefits of generating revenue and gaining insights into the mineralization of the site. The completion of this offering is anticipated by March 31, 2024, pending necessary approvals, including from the TSX Venture Exchange.

Eligibility for the offering is restricted to "accredited investors" or those who fit specified criteria, in line with regulatory guidelines. Potential investors are encouraged to consult the offering document available on both the SEDAR and the company’s website for more information before making investment decisions.