NorthWest Copper Corp. announced a non-brokered private placement of up to 10,869,566 units at an issue price of CAD 0.23 per unit for gross proceeds of up to CAD 2,500,000 on January 23, 2023. Each unit consists of one common share of the company and one-half of one non-transferable common share purchase warrant with each warrant exercisable to purchase one additional common share for a period of 2 years from the date of closing at an exercise price of CAD 0.30.

The private placement is subject to TSX Venture Exchange approval. All common shares and warrants issued pursuant to the private placement and any common shares issuable on exercise of warrants will be subject to a four month and a day hold period from the closing date, and TSX Venture Exchange hold period, as applicable. The private placement may be closed in one or more tranches as subscriptions are received.