Kobrea to close private placements totalling $8.5M

Executive Summary

• Kobrea Exploration Corp. will close its previously announced best‑effort and concurrent non‑brokered private placements on Oct. 3, 2025, raising aggregate gross proceeds of $8.5 million.
• The brokered portion consists of 7,753,000 units at $0.50 per unit for $3,876,500; the non‑brokered portion consists of 9,247,000 units at $0.50 per unit for $4,623,500.
• Closing is subject to regulatory approvals, including CSE approval.

Key Details

• Total gross proceeds: $8,500,000.
• Brokered offering: 7,753,000 units @ $0.50/unit → $3,876,500 gross.
• Non‑brokered offering: 9,247,000 units @ $0.50/unit → $4,623,500 gross.
• Closing date: Expected Oct. 3, 2025 (subject to regulatory approvals).
• Regulatory conditions: Requires approval of the Canadian Securities Exchange and any other necessary permits.
• Offering documentation: Amended offering document dated Oct. 1, 2025 available on SEDAR+ and company website; investors advised to review before investing.

Notable Quotes

(No executive quotes were included in the release.)