FREDONIA ANNOUNCES C$5M BEST EFFORTS PRIVATE PLACEMENT

Executive Summary

• Fredonia Mining Inc. announced a best‑efforts private placement of up to C$5 million, consisting of 12.5 million units at C$0.40 per unit.
• Each unit includes one common share and half of a common‑share purchase warrant (full warrant exercisable at C$0.56 for 36 months).
• Net proceeds are earmarked for exploration of the El Dorado‑Monserrat project in Santa Cruz, Argentina, and general corporate/working‑capital purposes.

Key Details

• Offering Size: Up to C$5,000,000 gross proceeds; option to increase by an additional C$1,000,000 before closing.
• Units Issued: 12,500,000 units at C$0.40 per unit (Issue Price).
• Unit Composition:
• 1 common share (“Unit Share”)
• ½ of a common‑share purchase warrant; each full warrant allows purchase of one common share at C$0.56.
• Warrant Terms: Exercise price C$0.56 per share, exercisable for 36 months after the Closing Date.
• Sole Agent: Cormark Securities Inc., acting as exclusive placement agent.
• Use of Proceeds: Primarily to fund exploration and advancement of the El Dorado‑Monserrat Project (Argentina) and for general corporate/working‑capital needs.
• Closing Timeline: Expected on or about 4 February 2026; must close no later than 45 days after the release date.
• Regulatory Basis: Conducted under NI 45‑106 Part 5A.2 (Listed Issuer Financing Exemption) and OSC Rule 72‑503 for distributions outside Canada. No U.S. registration; units not offered to U.S. persons absent exemption.
• Conditions: Subject to customary closing conditions, including agency agreement negotiation and required approvals (e.g., TSX Venture Exchange).

Notable Quotes

(No direct quotes were provided in the release.)