This news release constitutes a "designated news release" for the purposes of
Marimaca Copper's prospectus supplement dated May 22, 2024 to its short form base shelf prospectus dated September 12, 2023. VANCOUVER, British Columbia, July 16, 2024 --
Marimaca Copper Corp. and Assore International Holdings Limited are pleased to announce a C$68 million equity investment by AIH in Marimaca. The Strategic Investment consists of the acquisition of 9,417,210 common shares of Marimaca by AIH from an affiliate of Tembo Capital Mining GP Limited, Ndovu Capital XIV B.V. , at a price of C$4.50 per Common Share for gross proceeds to Tembo Capital of C$42,377,445 pursuant to a share purchase agreement dated July 15, 2024 and the issuance of 5,725,000 units of the Company to A...