Getty Copper Inc. (TSXV: GTC | OTCQX: GTCDF) announced on October 8, 2026, that it has closed a flow-through share private placement raising aggregate gross proceeds of C$15,023,478.78. The offering comprised both a brokered and a non-brokered tranche, with proceeds designated entirely for eligible Canadian exploration expenses at the company's British Columbia projects. The financing signals continued investor appetite for copper-focused exploration in the Highland Valley region, adjacent to Teck's Highland Valley Copper Mine.

Key Points

  • Getty Copper Inc. (TSXV: GTC | OTCQX: GTCDF) closed a combined brokered and non-brokered flow-through share offering
  • Total aggregate gross proceeds of C$15,023,478.78 raised across both tranches
  • Proceeds will fund qualifying Canadian exploration expenses, with renunciation effective no later than December 31, 2026, and expenditures to be incurred by December 31, 2027
  • Investors may watch for TSXV final acceptance of the offering and updates on exploration activity at the Getty Project near Logan Lake, BC

Brokered Tranche Raises C$13 Million Through Velocity, Clarus, and Raymond James

The brokered portion of the offering raised C$13,020,080.94 through the issuance of 7,352,566 BC Charity FT Shares at C$1.395 each and 2,117,434 Charity FT Shares at C$1.305 each. Velocity Capital Partners and Clarus Securities Inc. acted as co-lead agents and joint bookrunners, with Raymond James Ltd. also participating as agent. The agents received a cash commission equal to 6% of gross brokered proceeds and were issued 568,200 compensation warrants exercisable at C$0.97 per share for a period of 16 months following closing.

Non-Brokered Offering and Insider Participation at Getty Copper

The concurrent non-brokered tranche issued 1,854,998 FT Shares at C$1.080 per share, generating gross proceeds of C$2,003,397.84, with no commission payable. The release states that company insiders subscribed for 483,000 FT Shares under this tranche for aggregate subscription proceeds of C$521,640, constituting a related party transaction under Multilateral Instrument 61-101. Getty Copper relied on available exemptions from formal valuation and minority shareholder approval requirements, as neither the fair market value of securities issued to insiders nor the consideration paid exceeded 25% of the company's market capitalisation.

Strategic Advisory Fees and Use of Flow-Through Proceeds

In addition to brokerage commissions, Getty Copper engaged Velocity Capital Partners and Clarus Securities Inc. for strategic corporate advisory services, paying a flat advisory fee of C$105,000 plus applicable taxes and issuing 110,000 Advisory Warrants exercisable at C$0.97 for 16 months. All proceeds from the offering are designated to fund flow-through critical mineral mining expenditures related to the company's BC projects. The offering remains subject to final TSXV acceptance, and the offered securities bear no hold period under applicable Canadian securities laws.