VANCOUVER, British Columbia, June 08, 2023 (GLOBE NEWSWIRE) — NorthWest Copper Corp. (” NorthWest Copper ” or the ” Company “) (TSXV:NWST) today announced that it has filed and obtained a receipt for a final short form base shelf prospectus (the “ Base Shelf Prospectus ”). The Base Shelf Prospectus was filed with the securities regulatory authorities in each of the provinces and territories of Canada (other than Québec).
The Base Shelf Prospectus permits the Company to make offerings of common shares, warrants, subscription receipts, or units, or a combination thereof (the “ Securities ”), up to an aggregate total of C$50 million during the 25-month period that the Base Shelf Prospectus remains effective, until July 2025. Securities may be offered in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in one or more shelf prospectus supplement(s). Information regarding the use of proceeds from a sale of any Securities will be included in the applicable prospectus supplement(s).
The Base Shelf Prospectus, a normal course financing mechanism, provides the Company with financial flexibility and the capability to access capital markets quickly, when available, to fund its ongoing capital needs over the next two years. Among other things, the Company may consider issuing Securities using the Base Shelf Prospectus to fund a potential 2023 exploration and drilling program on its Lorraine and Kwanika-Stardust Projects in British Columbia.
NorthWest Copper also continues to prioritize engagement with First Nations and local communities to ensure its work is conducted in an environmentally and culturally respectful manner and to provide employment and economic opportunities through the exploration stages.
This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
A copy of the Base Shelf Prospectus is available on the Company’s issuer profile on SEDAR at www.sedar.com, and may also be obtained by contacting the Corporate Secretary of the Company via email at info@northwestcopper.ca .
About NorthWest Copper
NorthWest Copper is a new copper-gold explorer and developer with an exciting pipeline of projects in British Columbia. With a robust portfolio in a tier one jurisdiction, NorthWest Copper is well positioned to participate fully in a strengthening global copper market. We are committed to responsible mineral exploration which involves working collaboratively with First Nations to ensure future development incorporates stewardship best practices and respects traditional land use. Additional information can be found on the Company’s website at www.northwestcopper.ca .
On Behalf of the Board of Directors of NorthWest Copper Corp.
“Mark O’Dea”
Chair, Director
For further information, please contact:
Investor contact:
Peter Lekich, Director Investor Relations
Tel: 604-697-4962
Email: plekich@northwestcopper.ca
Media contact:
Longview Communications and Public Affairs
Alan Bayless (604) 417-9645; abayless@longviewcomms.ca
Joel Shaffer: (416) 649-8006; jshaffer@longviewcomms.ca
