On June 13, 2025, Marimaca Copper Corp., a Chilean company listed on the Toronto Stock Exchange, completed a non-brokered private placement of an aggregate of 5,311,416 common shares at a price of $4.60 per common share, for gross proceeds of approximately $24.4 million.
The net proceeds from the private placement will be used for exploration, to advance the company’s flagship Marimaca Copper Project located in the Antofagasta Region of northern Chile and for general corporate purposes.
Cassels acted for Marimaca.