Super Copper Closes First Tranche of Non-Brokered Private Placement

Super Copper Corp. (CSE: CUPR) (OTCQB: CUPPF) (FSE: N60), a mining exploration company focused on copper and precious metal projects, has successfully closed the first tranche of its non-brokered private placement (the "Offering"). The Company raised gross proceeds of $230,000 through the issuance of 1,000,000 units (the "Units") at a price of $0.23 per Unit. Each Unit consists of one common share and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire an additional common share at a price of $0.30 per share for a period of 24 months from the closing of the Offering, subject to acceleration.

The Warrants are subject to an acceleration right held by the Company, such that if the share price closes at $0.45 or above for a period of five consecutive trading days, the Company may, at any time after such an occurrence, give written notice (via news release) to the holders of the Warrants that the Warrants will expire at 5:00 p.m. (Vancouver time) on the 30th day following the giving of notice, unless exercised by the holders prior to such date. Upon receipt of such notice, the holders of the Warrants will have 30 days to exercise their Warrants and any Warrants that remain unexercised will expire.

The Company paid cash finder's fees of $11,500 to arm's length finders in connection with the first tranche of the Offering.

The proceeds raised from the Offering are expected to be used for marketing, investor relations, working capital, and general corporate purposes. All securities issued in the first tranche of the Offering are subject to a four-month hold period, expiring on June 15, 2025, under applicable securities laws in Canada.



The successful closing of the first tranche of the Offering demonstrates the strong investor interest in Super Copper's copper exploration projects and its strategic location in Chile. The Company's focus on copper, a high-demand commodity, and its experienced management team have contributed to its appeal to investors. The acceleration clause in the Warrants provides a balance between the Company's need to manage dilution and investors' desire for potential upside, while the use of proceeds for marketing, investor relations, and working capital indicates a commitment to growth and sustainability.

In conclusion, Super Copper's successful closing of the first tranche of its non-brokered private placement reflects the strong investor interest in the Company's copper exploration projects and its strategic location in Chile. The Company's focus on copper, experienced management team, and commitment to growth and sustainability have contributed to its appeal to investors. The acceleration clause in the Warrants provides a balance between the Company's need to manage dilution and investors' desire for potential upside, while the use of proceeds for marketing, investor relations, and working capital indicates a commitment to growth and sustainability. As the global copper market continues to grow and demand for the commodity remains strong, Super Copper is well-positioned to capitalize on these trends and deliver value to its shareholders.