Marimaca Copper Corp. announced a non-brokered private placement of 6,725,000 units at a price of CAD 4.50 per unit for gross proceeds of CAD 30,262,500 on July 15, 2024. The transaction included participation from new investor Assore International Holdings Limited for 5,725,000 units.

Each unit consists of one common share and one half of one common share purchase warrant. Each warrant will entitle to purchase one additional common share at an exercise price of CAD 5.85 for a period of 18 months following the closing of the private placement. Upon closing of the private placements, a cash introduction fee is expected to be paid to Lionhead Capital Advisors in connection with the private placement and 56,000 common shares will be issued as a finder?s fee to an individual in connection with the additional private placement.