Copper Giant Resources Corp. has increased its non-brokered private placement to 30 million units at $0.40 per unit, raising total gross proceeds of $12 million. Each unit will include one common share and one-half of one warrant, with the warrant allowing the holder to purchase a common share at $0.60 per share for 36 months. The securities issued will be subject to a four-month hold period, and finders’ fees will be paid in cash to eligible parties. The company plans to use the net proceeds for working capital and general corporate purposes.

Read more at Nasdaq: Copper Giant Resources Upsizes Private Placement To $12 Mln