Alpha Copper Corp (TSE:ALCU) has released an update.
Alpha Copper Corp. has secured unsecured loans totaling $350,000 to fund property payments and general working capital needs. The loans, bearing a 12% annual interest rate and maturing in 12 months, will also lead to the issuance of 290,000 Bonus Shares to lenders, subject to regulatory approval and a statutory hold period. The Vancouver-based company is known for its focus on developing copper resource assets in stable regions and recently acquired options to further expand in British Columbia and the Yukon.
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