08:12 AM EDT, 03/22/2024 (MT Newswires) -- Granite Creek Copper ( GCXXF ) on Friday announced the completion of the previously announced private placement offering for aggregate gross proceeds of $1.5 million, through the issue of a total of 37.5 million units at $0.04 apiece.

Each unit consisted of one common share and one share purchase warrant, entitling the holder to acquire one common share at an exercise price of $0.07 for 24 months following the closing date of the private placement.

Net proceeds are expected to be fully used for working capital.