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Chakana Copper Corp : Chakana Copper Closes Second Tranche of Private Placement

Chakana Copper Corp.: Chakana Copper Closes Second Tranche of Private Placement Vancouver, British Columbia (Newsfile Corp. - March 11, 2021) - Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the Chakana ), is pleased to announce that it has completed a second and final tranche of its non-brokered private placement previously announced on January 20, 2021 (the Private Placement ). Pursuant to the second tranche of the Private Placement, the Company sold and issued 3,874,516 common shares of the Company at a price of C$0.50 per common share for gross proceeds of C$1,937,258. In total, Chakana sold and issued an aggregate of 18,060,516 common shares at a price of C$0.50 per common share for gross proceeds of C$9,030,258 pursuant to the Private Placement.

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