TSX-V-listed Pecoy Copper Corp has entered into subscription agreements with TSX- and NYSE-listed Hudbay Minerals and another strategic investor, which have agreed to subscribe for 14.91-million and 9.76-million Pecoy shares, respectively, raising C$49.8-million in financing. The net proceeds from the private placement will be used to advance exploration and development activities at the flagship Pecoy copper/gold project, in southern Peru.
