Pecoy Copper Announces C$49.8 Million Private Placement Led by Hudbay Minerals
Bitget2026/11/02 11:15- Pecoy Copper agreed to raise approximately C$ 49.8 million through a non-brokered private placement of common shares at C$ 2.02 each.
- Hudbay will buy 14,914,100 shares for approximately C$ 30.1 million; another strategic investor will purchase 9,762,425 shares for approximately C$ 19.7 million.
- The price represents a 10% premium to the 10-day VWAP; each investor is expected to hold approximately 9.99% on a partially diluted basis.
- Net proceeds will fund exploration and development at the Pecoy copper-gold project in southern Peru, alongside general corporate and working capital needs.
- Closing is expected around Nov. 5, 2026, subject to customary conditions and regulatory approvals.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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