04:26 PM EST, 12/04/2025 (MT Newswires) -- Getty Copper ( GTCDF ) said Thursday it closed a $15-million brokered private placement of 125-million subscription receipts priced at $0.12 each, completed alongside its proposed acquisition target, 1390120 B.C. Ltd. (Numberco).

Net proceeds have been placed in escrow pending satisfaction of release conditions tied to the planned amalgamation of Numberco with a wholly owned Getty subsidiary.

Upon meeting those conditions, each subscription receipt will convert into one Getty common share. The amalgamation remains subject to final TSX Venture Exchange approval and is expected to close before June 4, 2026. If the transaction does not complete by the deadline, funds will be returned to investors.

Getty said proceeds will be used to retire roughly $3.7 million of existing debt, advance development of its mineral properties, and for general corporate purposes.