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Chakana Copper raising C$6M for drilling at Soledad, general working capital

Chakana Copper Corp. is raising gross proceeds of approximately C$6 million to accelerate and expand a phase-one drill program at its Soledad copper-gold project in Peru and for general working capital.

The company said March 8 that it engaged Eventus Capital Corp. as lead agent and sole book runner for a brokered private placement of up to 6,667,000 common shares at 90 cents apiece.

Closing is anticipated on or around March 23, subject to various conditions including due diligence.