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.
