02:12 PM EDT, 05/30/2025 (MT Newswires) -- Super Copper ( CUPPF ) on Friday said it closed a non-brokered private placement of share units, raising $1 million.

The company said it issued 4-million units at $0.25 apiece to Apeiron Investment Group, anl investment firm founded by entrepreneur and investor Christian Angermayer. The company also agreed to grant Apeiron an aggregate of 4-million restricted share units (RSUs), in exchange for Apeiron providing advisory services to the company, under its equity incentive plan, of which 3-million RSUs were granted on closing of the offering and 1 million RSUs will be granted as soon as permitted under the terms of the plan.

Following closing of the offering and grant of the RSUs, Apeiron holds about 10.99% of the issued and outstanding shares of Super Copper ( CUPPF ) on an undiluted basis. The securities underlying the units and RSUs are subject to a four month hold period, expiring on Sept. 30.

The company plans to use proceeds raised to accelerate the advancement of its flagship Cordillera Cobre project in Chile and support broader business expansion initiatives, including targeted acquisitions and for general working capital purposes including marketing and investor relations.

Shares of the company were last seen up $0.01 to $0.38 on the Canadian Securities Exchange.

Price: 0.38, Change: +0.01, Percent Change: +2.70