General Copper Gold Corp. Completes Financing
Key facts
- C$1.8M PP
- C$0.05/unit
- +0.5 wt @ C$0.1 / 12mo
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2026) - General Copper Gold Corp. (CSE: GGLD) (OTC Pink: GNRGF) (FSE: 7S50) (the "Company") announces that it has completed its previously announced private placement of units of the Company by issuing an aggregate of 35,000,000 units at a price of CDN$0.05 per unit for gross proceeds of CDN$1,750,000. Each unit is comprised of one common share in the capital of the Company and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder thereof to acquire a common share in the capital of the Company at a price of CDN$0.10 per share for a period of 12 months.
All of the securities issued under the private placement are subject to a four month resale restriction. In connection with the private placement, the Company paid a 6% cash finder's fee in the aggregate amount of CDN$43,920 to eligible persons who introduced subscribers to the offering, all in accordance with applicable securities laws and the policies of the Canadian Securities Exchange (" CSE "). The net proceeds from the private placement will be used for the purposes of exercising the option under an option agreement dated May 4, 2026 (the " Agreement ") with Frantier Mining Namibia (Proprietary) Limited pursuant to which the Company has been granted the sole, exclusive and irrevocable option to acquire an eighty percent (80%) undivided interest in an application for an exclusive prospecting license covering approximately 48,500 hectares of land situated in Namibia, to advance exploration on the Company's Topley Richfield copper-gold property in British Columbia, and for general corporate purposes.
About General Copper Gold Corp. General Copper Gold Corp. is an independent mineral exploration company based in Vancouver, British Columbia that is engaged in the business of exploring for and evaluating mineral properties. General Copper Gold is currently exploring the 2,313 hectare Topley Richfield copper-gold property in British Columbia. Topley Richfield is a historic mining area with previous work carried out in 2008, 2015 as well as geophysical surveys in 2021.
There are significant historical drilling intercepts and the 2021 geophysics has highlighted further key highly prospective areas that have yet to be explored. Multiple drill targets have already been identified by the Company. For further information, please contact: General Copper Gold Corp. Michael Curtis, President T: (604) 639-4452 E: mcurtis@intrepidfinancial.ca Reader Advisory This press release should not be considered a comprehensive summary of the terms of the Agreement.
Reference should be made to the full text of the Agreement which is posted under the Company's profile at www.sedarplus.ca . Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.