Alta Copper Corp. is pleased to announce the closing of the previously announced non-brokered private placement with Nascent Exploration Pty. Ltd., a wholly owned subsidiary of
Fortescue Ltd. . A total of 4,629,630 common shares were issued at a price of Cdn$0.54 for gross proceeds of Cdn$2,500,000. The Common Shares issued will be subject to a mandatory four-month and one day hold period, in accordance with applicable securities law. Giulio T. Bonifacio, Executive Chair and CEO, commented: "The proceeds of the Private Placement will now provide the required working capital to advance our drill permit application, which is progressing on target, and to continue to advance our community engagement and social license. This financing which was priced at above our mark...