Kutcho Copper Announces Claims Purchase
Rhea-AI Summary
Kutcho Copper (OTCQX: KCCFF, TSXV: KC) has signed a Purchase Agreement dated August 25, 2026 to acquire two arm's length mineral claims totaling about 68 hectares near its Kutcho Project. Consideration is 150,000 common shares at a deemed price of $0.35 per share, reflecting the market price immediately before announcement. These shares will carry a four‑month‑and‑one‑day statutory hold period. Closing and share issuance remain subject to TSX Venture Exchange approval.
Kutcho Copper has also entered into an updated service agreement with Resource Stock Digest (RSD)/b) of Round Rock, Texas, continuing investor relations services after a March 2025 agreement ends in September 2026. RSD will provide promotional services under TSXV Policy 3.4 through an advertising and marketing program of up to 18 months for a cash fee of US$10,000 every three months in arrears, subject to TSXV approval. RSD is owned by shareholders Gerardo Del Real and Nick Hodge, who are arm's length to the company outside this agreement.
Positive
- Acquisition of 68-hectare claims near Kutcho Project for 150,000 shares at $0.35
- Non-cash consideration uses equity instead of cash for claims purchase
- Up to 18-month IR program with RSD at US$10,000 per quarter
Negative
- Share dilution from issuance of 150,000 new common shares
- Ongoing IR cash cost of US$10,000 every three months for up to 18 months
- Both agreements remain subject to TSX Venture Exchange approval
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2026) - Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) ("KutchoCopper" or the "Company") is pleased to announce that it has entered into an agreement dated August 25, 2026 with two arms' length prospectors for the purchase of two mineral claims located nearby the Company's Kutcho Project (the "Purchase Agreement"). The Company has agreed to purchase the two mineral claims comprising approximately 68 hectares in area in consideration of the issuance of 150,000 common shares, to be issued at a deemed price per share equal to
In addition, the Company announces that it has entered into an updated service agreement with Resource Stock Digest ("RSD") of Round Rock, Texas. Under the terms of the agreement, among other things, RSD has agreed to provide certain promotional services to the Company in accordance with Policy 3.4 -- Investor Relations, Promotional and Market-Making Activities of the TSXV. The Company previously engaged RSD under a March 2025 service agreement, and the new agreement provides a continuity of service upon the term of the previous agreement completing in September 2026. The updated agreement is subject to approval by the TSXV.
RSD has been engaged for up to an 18-month advertising and marketing program for a cash fee of
Vince Sorace
President & CEO, Kutcho Copper Corp.
For further information regarding Kutcho Copper Corp., please email info@kutcho.ca or visit our website at www.kutcho.ca. Tel: (778) 357-1249
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, statements and information related to the Company's ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project or its other projects, to repay its debt and for general working capital purposes; to achieve desired results from advertising and promotional campaigns; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects, including the environmental assessment process; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311930