On January 10, 2024, Kutcho Copper Corp. closed the transaction. The company announced that it has issued 14,400,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 1,440,000. Each Unit will consist of one common share and one transferable common share purchase warrant exercisable at a price of CAD 0.20 per common share for a period of 24 months from the closing date, subject to accelerated expiry as described herein. All securities issued under the Private Placement are subject to a hold period of four months and one day from closing. In addition to the statutory hold period, 7,200,000 Common Shares forming part of the Units were applied contractual restrictions on transfer of 6 months and the remaining 7,200,000 Common Shares were applied contractual restrictions on transfer of 12 months. The Warrants issued under the Private Placement were applied a contractual restriction of 6 months, and any Warrants exercised into Warrant Shares during this 6 month period, will also bear a restriction until 6 months from the Private Placement closing. The Private Placement is subject to final TSX Venture Exchange. In connection with the closing, the Company agreed to pay cash finder?s fees of CAD 57,260 and issue 572,600 finder warrants, each finder warrant exercisable to purchase one common share for 12 months at a price of CAD 0.20 per common share. The finders warrants are subject to same resale provisions noted above. Certain directors and officers of the Company have participated in Private Placement. The transaction was oversubscribed.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 47 placees including existing insider involvement of 4 insiders for 500,000 and pro group involvement of 7 pro groups for 2,650,000.