Marimaca Copper Corp. (TSX: MARI) has announced the successful closing of private placements totaling C$30.3 million. Assore International Holdings Limited led the strategic equity investment worth C$25,762,500.

Details of the Private Placements

The private placements include Assore International Holdings Limited acquiring 5,725,000 units, each at C$4.50. Each unit comprises one common share and one-half of a common share purchase warrant. The additional investor acquired 1,000,000 units at the same price.

Warrant Exercise Details

Each warrant allows Assore and the additional investor to purchase an extra common share at C$5.85 within 18 months following the investment closure.

AIH’s Acquisition of Shares from Tembo Capital

Alongside the private placements, AIH also completed the acquisition of 9,417,210 common shares from Tembo Capital at C$4.50 per share. This acquisition results in AIH holding approximately 14.99% of Marimaca’s issued and outstanding shares on a non-diluted basis.

About Assore International Holdings

Assore International Holdings Limited, a subsidiary of Assore Holdings (Pty) Limited, houses the group’s emerging international mining operations. The South Africa-based Assore Group has been involved in mining and marketing metals for almost 100 years.

About Marimaca Copper

Marimaca Copper Corp. focuses on the development of the Marimaca Project in northern Chile. The company’s shares trade on the TSX under the symbol “MARI” and on the OTCQX under “MARIF”.

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