Gunnison Copper announces planned distribution of Greenstone-owned shares

Gunnison Copper Corp(TSX:GCUOTCQB:GCUMF) View Price & Profile Gunnison Copper announces planned distribution of Greenstone-owned shares

Published: 09:06 05 Feb 2026 EST

Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF, FRA:3XS0) announced that Greenstone Resources and its affiliates have entered into an agreement with Paradigm Capital to facilitate the distribution of up to 143.2 million Gunnison common shares currently held by the Greenstone Group.

Under the agreement, Paradigm has been appointed to act as agent on a commercially reasonable “best efforts” basis in connection with an offering of the shares to institutional investors.

The completion of the offering is subject to the execution of share purchase agreements between the Greenstone Group and purchasers and is expected to occur on or before February 17. 

Gunnison said the distribution is occurring as Greenstone’s fund approaches the end of its investment lifecycle and begins to wind down. The company noted Greenstone’s historical support and stated it intends to continue building its institutional shareholder base.

"On behalf of Gunnison, I would like to express our sincere gratitude to Greenstone Resources for being a valued and supportive partner over the last 10+ years," Gunnison Copper CEO Stephen Twyerould said in a statement.

"Greenstone has played an important role in the company's growth and advancement, and we deeply appreciate their long-standing commitment and contribution to our progress."

The Greenstone Group currently beneficially owns and controls 143.2 million common shares of Gunnison, representing an ownership interest of 33.88%, excluding any debentures or options that are not part of the offering. Following completion of the transaction, the Greenstone Group is expected to no longer hold any Gunnison common shares, reflecting a reduction in ownership of 33.88%.