Well-known resource specialist investors and former Osino Resources subscribers are snapping up Koryx Copper shares.
Koryx Copper has so far raised an aggregate of $14,9 million from selling more than 13,5 million shares at $1.10 per share in two non-brokered private placements.
The first tranche on October 15, 2024, raised $9.7 million, while the second brought US$5.2 million.
Koryx Copper will use the funds to advance the Haib Copper Project in Namibia and the Luanshya West Project in Zambia.
On September 25, 2024, Koryx Copper announced that it had received commitments for C$10 million in a non-brokered private placement as well.
Koryx Copper executive chairperson Heye Daun said this non-brokered equity financing had strong demand and was oversubscribed.
“We appreciate the continued support from our new and previous shareholders, most of whom elected to significantly increase their subscription,” Daun said.
He mentioned Osino Resources early-stage supporters such as Ross Beaty and Resource Capital Funds and many other institutional and retail investors who elected to come in again to support in advancing Koryx Copper assets and creating value for stakeholders.
“We have already initiated a substantial ramp-up in drilling and technical activities with the aim of delivering an updated preliminary economic assessment around the middle of 2025,” Daun revealed.
He said Koryx Copper will update the market with further details regarding technical activities geared towards fast-tracking the development of the Haib Copper Project in Namibia whilst continuing to build and enhance our project portfolio in Zambia.
