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VANCOUVER, British Columbia, Jan. 19, 2026 (GLOBE NEWSWIRE) -- King Copper Discovery Corp. ("King Copper", or the "Company"; KCP-TSXV, TBXXF-OTCQB, 3RI-FSE) is pleased to announce that it has closed its previously announced non-brokered private placement financing of 25 million units (the "Units") at a price of $0.60 per Unit with each Unit consisting of one common share in the capital of the Company and one common share purchase warrant, exercisable at a price of $0.98 for two years (the "Financing"). The Financing resulted in the Company raising aggregate gross proceeds of $15,000,000.

All securities issued in connection with the Financing will be subject to a statutory four-month hold period in accordance with applicable securities law.

The subscribers in the Financing included a director as well as one corporate subscriber controlled by a director of the Company (the "Insiders"), who subscribed for an aggregate of 150,000 Units for aggregate gross proceeds of $90,000 to the Company. The issuance of Units to the Insiders constitute "related party transactions" as defined in Multilateral Instrument 61-101, ...