Original News Release
Kobrea to close private placements totalling $8.5M
Mr. James Hedalen reports
KOBREA TO CLOSE ON $8.5 MILLION PRIVATE PLACEMENT
Further to the news releases dated Sept. 17, 2025, and Sept. 23, 2025, Kobrea Exploration Corp. expects to close its previously announced best effort private placement and concurrent non-brokered private placement on Oct. 3, 2025, for aggregate gross proceeds to the company of $8.5-million.
The brokered offering will consist of the issuance and sale of 7,753,000 units at a price of 50 cents per unit for gross proceeds of $3,876,500, and the non-brokered offering will consist of 9,247,000 units at a price of 50 cents per unit offered for gross proceeds of $4,623,500, for aggregate gross proceeds to the company of $8.5-million.
An amended offering document dated Oct. 1, 2025, related to the offering can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.
The closing of the offering is subject to the company receiving all necessary regulatory approvals, including the approval of the Canadian Securities Exchange.
About Kobrea Exploration Corp.
Kobrea is a mineral exploration and development company focused on the acquisition and exploration of base metal projects. Kobrea holds the right to earn a 100-per-cent interest in seven projects totalling 733 square kilometres in southwestern Mendoza province, Argentina (see the company's Aug. 19, 2024, news release for details). The properties are considered highly prospective for porphyry copper and porphyry copper-gold deposits. Numerous porphyry copper targets have been outlined to date exhibiting multikilometre hydrothermal alteration footprints, anomalous copper plus or minus gold plus or minus molybdenum geochemistry, quartz stockwork veining, localized hydrothermal breccias, and Pliocene to Miocene aged granodioritic to dioritic porphyry intrusions. Kobrea also holds a 100-per-cent interest in the Upland copper project in British Columbia, Canada.
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