Transactions
Peterson McVicar Acts for Three Valley Copper in Bought Deal Offering
On November 25, 2021 Three Valley Copper Corp. (“TVC” or the “Company”) announced that it had closed its previously announced bought deal financing (the “Offering”). The Company issued a total of 56,681,000 units (the “Units”) on a bought deal basis, at an offering price of C$0.32 per Unit, for gross proceeds of approximately C$18.2 million. The Offering was co-led by PI Financial Corp and Eight Capital.
The Company intends to use the net proceeds of the Offering to fund the advancement and exploration of the Company’s flagship Minera Tres Valles (“MTV”) copper project and for working capital and general corporate purposes.
Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 91.1% owned by the Company and MTV’s main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands.
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