11:16 AM EST, 01/08/2026 (MT Newswires) -- King Copper Discovery ( TBXXF ) on Thursday said it will raise up to $15 million in a non-brokered private placement of share units.

The company said it will sell up to 25-million units in the financing, with each priced at $0.60 and made up of a share and a two-year warrant to buy a share for $0.98. .

Proceeds are expected to be used for general working capital and for the ongoing assessment and evaluation of multiple copper exploration and development opportunities within South America.

The expected closing date of the financing is Jan. 15.

The company's shares were last seen down $0.09 to $0.89 on the TSX Venture Exchange.

Price: 0.88, Change: -0.10, Percent Change: -10.20