On July 15, 2024, Interra Copper Corp. closed the transaction. The company has now issued 10,950,000 units at a price of CAD 0.075 per unit for the gross proceeds of CAD 821,250.

Each Warrant will expire on July 15, 2025. In connection with the Private Placement, one insider of the company, Mark Cruise purchased an aggregate of 333,333 Units for total consideration of CAD 25,000. In addition, two insiders of the company settled outstanding debt owed by thecCompany for an aggregate of 463,334 Units with a total deemed value of CAD 34,750.05 out of which Richard Gittleman received 163,334 units for CAD 12,250.05 and Jason Nickel received 300,000 Units for CAD 22,500.

No finder?s fees were paid in connection with the Private Placement. The securities issued under the Private Placement will be subject to a statutory hold period expiring November 16, 2024.