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Denarius Metals invests CA$28.8 million in Copper Giant Resources, acquiring a 15.6% equity stake through a strategic private placement. This financing aims to advance Copper Giant's Mocoa Project in Colombia.

PRIVATEAug 06, 20263 days ago

Amount Raised

$28.8 Million

Round Type

Post-IPO Equity

TorontoMining

Investors

Ian HarrisFrank GiustraDenarius Metals Corp.

Description

Denarius Metals Corp. has entered into a binding term sheet to make a strategic equity investment in Copper Giant Resources through a private placement. The investment aims to secure a 15.6% equity interest in Copper Giant. The financing is expected to generate approximately CA$31.0 million in gross proceeds

Company Information

Company

Denarius Metals

Location

357 Bay Street, 1st Floor

Toronto, Ontario, Canada

About

Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. The Company is listed on Cboe Canada and trades on the OTCQX Market in the United States.

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