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Marimaca Completes $30.9 Million Non-Brokered Private Placement


VANCOUVER, British Columbia, March 01, 2021 (GLOBE NEWSWIRE)
Marimaca Copper Corp. (“Marimaca Copper” or the “Company”)
(TSX: MARI) announced today it has completed a non-brokered private placement pursuant to which it has issued 9,377,273 units (“Units”) at a price of $3.30 per Unit for aggregate gross proceeds of $30,945,000. Each Unit is comprised of one common share of the Company (a “Common Share”) and one-half of one Common Share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional Common Share at an exercise price of $4.10 at any time up to and including December 3, 2022. The proceeds of the private placement will be used to advance the Company’s Marimaca Project and for working capital purposes. ....

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