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Summary
VANCOUVER, BC - Granite Creek Copper Ltd (Granite Creek or the Company) is pleased to announce a non-brokered private placement of up to 37.5 million units (the Units) at a price of $0.04 per Unit for gross proceeds of up to $1,500,000 (the Offering).Each Unit will consist of one common share of the Company and one common share purchase warrant, with each Warrant entitling the holder to acquire one additional common share of the Company at a price of $0.07 for a term of 24 months from the closing date of the Offering.The net proceeds from the financing will be used for general corporate purposes as well as the identification and advancement of strategic initiatives under review by the Company.President & CEO, Tim Johnson, stated, Granite Creek has been actively reviewing several North American base and precious metals opportunities and, with recent strength returning to the market, recognizes this is an excellent time to make key additions to the Companys critical minerals portfolio.Closing of the Offering is anticipated to occur on or about March 20, 2024 (the Closing Date) and is subject to customary closing conditions, including approval of the TSX Venture Exchange. The Company has engaged Agentis Capital Mining Partners as financial advisor in connection with its review of its strategic initiatives. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the Closing Date.The Offering constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101), as insiders of the Company may subscribe for Common Share Units in the Offering. More information about Granite Creek Copper can be found at www.gcxcopper.com.FOR FURTHER INFORMATION PLEASE CONTACT:This news release includes certain statements which constitute forward-looking statements, including the completion of the Private Placement, approval from the TSX Venture Exchange, statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities and operating performance of the Company. For more information on Granite Creek Copper and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedarplus.ca.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.