Getty Copper closes $10.6M flow-through placement for BC copper work
What's the deal? Getty CopperDealroom has a profile for this one. Try Dealroom →, a Vancouver-based mineral exploration company listed on the TSX Venture Exchange, has closed a flow-through private placement raising US$11M (roughly $10.6 million). The financing combined a brokered offering and a concurrent non-brokered offering of flow-through common shares.
Who led it? Velocity Capital Partners and Clarus SecuritiesDealroom has a profile for this one. Try Dealroom → acted as co-lead agents and joint bookrunners, with Raymond James also serving as an agent. The brokered portion raised US$9.55M; the non-brokered portion added US$1.47M.
How it's structured: The shares qualify as "flow-through shares" under Canada's Income Tax Act, letting investors claim tax deductions tied to mining expenditures. Getty issued the brokered shares at prices between US$0.79 and US$1.02 each, and paid agents a 6% cash commission plus 568,200 compensation warrants.
Why now? Flow-through financings funnel capital directly into exploration spending, and part of this raise qualifies as a "BC flow-through mining expenditure" — tying the proceeds to work in British Columbia.
The signal: At roughly $10.6 million, the round ranks in the 91st percentile among non-VC private placements in Canadian real estate and resource financings over the trailing 48 months, a sizeable raise for a junior exploration company leaning on flow-through tax incentives to fund its drilling.
Read more: wallstreet-online.de
Image credit: Murray Foubister
