And buys 2 million more shares. Catalyst Copper is only five miles away from Tepal, do your own DD:
CATALYST COPPER APPOINTS NEW DIRECTORS AND CEO AND ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Catalyst Copper Corp. has appointed Richard Warke, Frank Giustra and Ian Telfer to the board of directors. Mr. Warke has also been appointed as chief executive officer and president of the company. David Laing and Matthew Lawson have tendered their resignations, and the board wishes to thank Mr. Laing and Mr. Lawson for their past services and wish them every success in their future endeavours.
The company also announces a non-brokered private placement of up to 2.1 million units at a price of 30 cents per unit for gross proceeds of up to $630,000 to be subscribed for by the three new directors. Each unit will consist of one common share and one full common share purchase warrant. Each whole common share purchase warrant will be exercisable at 40 cents per common share for a period of three years from closing. Proceeds will be used for general working capital and to explore other potential opportunities.