Copper Giant Resources Corp. has closed its previously announced non-brokered private placement of common shares, raising aggregate gross proceeds of C$30,999,996 at a price of C$0.72 per share.

The transaction introduces Denarius Metals Corp. as a new insider after the company subscribed for 40,000,000 common shares for C$28.8 million, securing a 15.34% non-diluted interest. Additional participation came from significant shareholder Frank Giustra, who acquired 2,777,775 shares to hold a 15.55% stake on a partially diluted basis, and President and Chief Executive Officer Ian Harris, who purchased 277,775 shares. No finder's fees were payable on the placement.

All shares issued under the financing carry a four-month-and-one-day statutory hold period, and Denarius, Frank Giustra and Ian Harris have agreed to a two-year lock-up arrangement restricting the sale or transfer of their shares. The transaction remains subject to the final acceptance of the TSX Venture Exchange.

Proceeds from the placement will fund the advancement and acceleration of exploration and project development at Copper Giant's Mocoa copper-molybdenum project in the Department of Putumayo, Colombia, including district-scale exploration and general corporate purposes.

The Mocoa Project is a Jurassic-age porphyry copper-molybdenum deposit characterized by continuous mineralization from surface to depths exceeding 1,000 vertical metres. Copper Giant operates with a primary focus on advancing copper assets beyond resource definition, with Mocoa serving as the core asset that catalyzed the company's formation and evolution. Alongside Mocoa, Copper Giant holds interests in copper assets including the Big Red and Big Bulk projects in British Columbia and the Zaha project in Argentina.

Read the full announcement: COPPER GIANT ANNOUNCES CLOSING OF C$31 MILLION STRATEGIC FINANCING