Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF) has closed a C$5.15M non-brokered private placement, issuing 17.17M units at C$0.30 each, with each unit including one share and half a warrant.
Full warrants allow purchase of an additional share at C$0.45 for 24 months.
Combined with US$3M in non-dilutive funding from Nuton, total proceeds are C$9.44M.
Funds will support the High Value Work Program, including drilling and metallurgical testing for a pre-feasibility study on the Gunnison Copper Project.