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Marimaca Announces Closing Of C$20 Million Strategic Investment By Mitsubishi Corp.

PRIVATEJul 12, 2023

Amount Raised

C$20 Million

Round Type

Corporate Round

MiningPrecious MetalsMineral

Description

Marimaca Copper Corp. (“Marimaca Copper”, “Marimaca” or the “Company”) (TSX: MARI) is pleased to announce the closing of the previously announced C$20 million equity investment by Mitsubishi Corporation (“Mitsubishi”) by way of non-brokered private placement (the “Strategic Investment”). Proceeds from the Strategic Investment will be used to advance and accelerate the development of the Company’s flagship Marimaca Copper Project located in the Antofagasta region, Chile.

Quick answer

Marimaca Copper raised C$20 Million in a Corporate Round round, dated July 12, 2023.

How much did Marimaca Copper raise?
Marimaca Copper raised C$20 Million in a Corporate Round round on July 12, 2023.
What does Marimaca Copper do?
Marimaca is a Canadian copper exploration company focused on exploring and developing new copper resources to supply an increasing global demand for this essential commodity.
Where is Marimaca Copper based and how big is it?
Fundz records about 51 employees.
Who are the decision-makers at Marimaca Copper?
Fundz holds 1 contact at Marimaca Copper, including the Manager Administration & Human Resources. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Mining and Precious Metals around the same time

Companies in the same sectors as Marimaca Copper that raised within 45 days of this round, from Fundz verified event records.

  • Maritime Resources raised $59K (Seed) on August 23, 2023.
  • Maritime Resources raised $750K (Seed) on August 14, 2023.
  • Maritime Resources raised $297K (Seed) on August 14, 2023.
  • Auramet raised $275M (Funding Round) on August 5, 2023.
  • i-80 Gold Corp. raised $4.6M (Seed) on August 1, 2023.
  • Colibri Resource Corporation raised $117K on August 1, 2023.

Who to call at Marimaca Copper, and when

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Company Information

Company

Marimaca Copper

About

Marimaca is a Canadian copper exploration company focused on exploring and developing new copper resources to supply an increasing global demand for this essential commodity. The Marimaca Project is one of the most important copper oxide discoveries in a decade in northern Chile and the Company believes it has the potential to be one of the best new open-pit copper oxide projects globally.

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Related People

1 contact
Verified contactsSergio R., Manager Administration & Human Resources hiddenSee plans and pricing
Predictive Intelligence
Strategic

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Marimaca Copper raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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