Getty Copper launches up to C$15 million LIFE offering
Key facts
- C$15M PP
- C$1.08/unit
- Sep 30 close
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2026) - Getty Copper Inc. (TSXV: GTC) (OTCQX: GTCDF) (the " Company ") announces that it has entered into an agreement with Velocity Capital Partners, as lead agent and joint bookrunner, on its own behalf and on behalf of Clarus Securities Inc., as co-lead agent and joint bookrunner and a syndicate of other agents (the " Agents "), in connection with a "best efforts" private placement offering pursuant to the Listed Issuer Financing Exemption (as defined herein) (the " Brokered Offering "). The Brokered Offering consists of any combination of:
(i) common shares of the Company that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the " Tax Act ")) (the "BC Charity FT Shares ") at a price of C$1.395 per BC Charity FT Share (the " BC Charity FT Issue Price "); and
(ii) common shares of the Company that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Tax Act) (the "Charity FT Shares ") at a price of C$1.305 per Charity FT Share (the " Charity FT Issue Price "),
for aggregate gross proceeds to the Company of up to approximately C$13 million.
The Company also announces that it intends to issue, on a non-brokered private placement basis, up to 1,855,000 common shares of the Company that will qualify as "flow-through shares" (within the meaning of subsection 66(15) the Tax Act (the " FT Shares ")) at a price of C$1.080 per FT Share (the " FT Share Issue Price ") for gross proceeds of up to approximately C$2,000,000 (the " Non-Brokered Offering ", and together with the Brokered Offering, the " Offering ").
The terms BC Charity FT Shares, Charity FT Shares, and FT Shares are collectively referred to as the " Offered Securities ".
The Company will use an amount equal to the gross proceeds received by the Company from the Offering to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as both terms are defined in the Tax Act; and, in respect of the BC Charity FT Shares, an expenditure that also meets the criteria set forth in the definition of the term "BC flow-through mining expenditure" in subsection 4.721(1) of the Income Tax Act (British Columbia) (collectively the " Qualifying Expenditures ") on or before December 31, 2027, and to renounce all the Qualifying Expenditures in favour of the initial subscribers of the Offered Securities effective December 31, 2026 in an aggregate amount of not less than the gross proceeds from the sale of the Offered Securities. In the event that the Company does not renounce on or prior to December 31, 2026 Qualifying Expenditures in amount equal to the BC Charity FT Issue Price, the Charity FT Issue Price and the FT Share Issue Price for each BC Charity FT Share, Charity FT Share and FT Share purchased and/or if the amount of the Qualifying Expenditures is reduced upon assessment or reassessment by the Canada Revenue Agency, the Company will indemnify each applicable subscriber for the additional income taxes payable by such subscriber as a result of the Company's failure to renounce the Qualifying Expenditures or as a result of the reduction.
Copyright (c) 2026 QuoteMedia, Inc.