Granite Creek Copper Ltd (OTCMKTS:GCXXF) Stock On Radar After Private Placement Financing

May 15, 2023May 15, 2023 Pete Matthews $GCXXF, $GCXXF news, $GCXXF stock, $Granite Creek Copper Ltd (OTCMKTS:GCXXF), $OTCMKTS:GCXXF

Last Friday Granite Creek Copper Ltd (OTCMKTS:GCXXF) came on to the news cycle after it made an announcement with regards to a non-brokered private placement. The company announced that it was looking to raise a total of $1,350,000 through the issuance of 20,000,000 common shares in addition to 10,000,000 warrants.

Trading Data

On Friday, GCXXF stock decreased 4.84% to $0.0433 with more than 99.76K shares, compared to its average volume of 97.91K shares. The stock moved within a range of $0.0433 – 0.0459 after opening trade at $0.0459.

Granite Creek Copper Announces $1.35 Million Private Placement Financing

The company announced that as many as 10,000,000 units were going to be offered for $0.06 each. Each unit would be made up of one common share in Granite Creek Copper and half of a transferable warrant. The holder of a whole warrant would be entitled to pick up a share in the company for $0.12 for up to thirty six months.

Another 10000000 flow through units are going to be issued by the company for $0.75 each. Each unit would be made up of one flow through common share in the company and half of a transferable flow through warrant. Each flow through warrant would entitle the holder to pick up a flow through share in the company for the price of $0.15 each for up to twenty four months. The company decided to conduct the offering on a non-brokered basis. All warrants and shares would be subject to a hold period of four months and a day.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.