leadf
logo-loader
viewC3 Metals Inc.

Carube Copper announces plans to raise up to $2.2 million to fund exploration at Jasperoide copper-gold project in Peru

Jasperoide is a high-grade copper-gold skarn and porphyry project spanning 5,700 hectares in southern Peru near three producing mines

Carube Copper -
Carube received approval from Peruvian authorities to restart exploration work at Jasperoide after suspending operations in light of the coronavirus pandemic

Carube Copper Corp (CVE:CUC) announced plans to raise up to C$2.2 million in a non-brokered private placement to fund exploration at its Jasperoide project in Peru, it said Wednesday.

The Toronto-based company will issue up to 40 million shares priced at $0.055 to raise the proceeds.

Jasperoide is a high-grade copper-gold skarn and porphyry project spanning 5,700 hectares in southern Peru near three producing mines.

READ: Carube Copper gets go-ahead to restart exploration at its Jasperoide copper-gold project in Peru

In June, the firm received approval from Peruvian authorities to restart exploration work at Jasperoide after suspending operations in light of the coronavirus (COVID-19) pandemic.

The approval from the Peruvian government does not include drilling activities.

Since field work was put on hold in March, Carube undertook a comprehensive review of historic data, including drill core and logs, and developed a 3D geologic block model for the deposit, which is located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt.

A portion of the proceeds raised in the private placement will go towards working capital.

The offering is expected to close by August 13.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

Quick facts: C3 Metals Inc.

Price: 0.05 CAD

TSX-V:CCCM
Market: TSX-V
Market Cap: $18.76 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of C3 Metals Inc. named herein, including the promotion by the Company of C3 Metals Inc. in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Carube Copper readies for next stage of company as C3 Metals

C3 Metals (CVE: CCCM) Executive Chairman Tony Manini joined Steve Darling from Proactive Vancouver to share news the company is going forward under the name C3 Metals Corp and with a new ticker CCCM on the TSX Venture Exchange. Manini telling Proactive why they made the name and ticker change...

on 12/8/20

2 min read