Marimaca Copper Corp T.MARI

Alternate Symbol(s): MARIF

Metals & Mining Copper

Marimaca Copper Corp. is a Canada-based exploration and development company focused on base metal projects in Chile. The Company’s principal asset is the Marimaca Copper Project, located in the Antofagasta Region of northern Chile. The Marimaca Copper Project is situated at a low altitude in Chile’s Coastal Copper Belt, 25 kilometers (km) east of the port of Mejillones and 45 km north of Antofagasta, Marimaca has access to water and power, road and rail networks supplying sulphuric acid and other consumables, as well as deepwater ports. The Marimaca Copper Project comprises a set of concessions (the 1-23 Claims), properties 100% owned and optioned by the Company, combined with the adjacent La Atomica and Atahualpa claims, over which Marimaca Copper has the right to explore and exploit resources. The Company also has an option agreement to acquire the Pampa Medina project (Pampa Medina), which consists of four mining concessions totaling 144 hectares.

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Marimaca Copper Corp > Financing would be my guess

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Comment by grossmrkupon Feb 22, 2021 11:49am

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Post# 32626577

RE:RE:Financing would be my guess

They didn't raise enough money in the last round to get us through all the option payments coming this year.

Plus if they were able to negotiate a premium to the share price...say at around $3.50 a share, I'd be happy with that.

That's at a premium to what we were trading at a few weeks ago mind you. The run up in both copper prices and the share price has been unexpected.

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