Interra Copper Corp. announced a non-brokered private placement of 2,000,000 units at a price of CAD 0.20 per unit for the gross proceeds of CAD 400,000 on September 22, 2023. Each unit shall consist of one common share in the capital of the company and one share purchase warrant whereby each warrant shall be exercisable at CAD 0.25 into an additional share for a period of 36 months from the date of issuance.

Closing of the private placement is subject to the receipt of all necessary regulatory and other approvals, is anticipated to occur prior to the end of September 2023. All securities issued pursuant to the transaction will be subject to a statutory hold period under applicable Canadian securities laws of four months and one day from the date of closing of the transaction.