Koryx Copper Raises $14.87 Million in Oversubscribed Placement

Koryx Copper (TSE:KRY) has released an update.

Koryx Copper Inc. has successfully closed the second tranche of its oversubscribed private placement, raising a total of $14.87 million from the sale of shares. The strong demand was largely driven by the company’s management and well-known resource investors, enabling Koryx to ramp up its drilling and technical activities. This funding will support the development of its Haib Copper Project in Namibia and enhance its project portfolio in Zambia.

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