Financings

CUPANI METALS CLOSES 2nd TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FOR PROCEEDS OF $716,250.03

By The Northwire Desk — AI Analysis Dec 31, 2025 · 11:06 CUPA · 0.12 Cupani Metals Corp.

CUPA · Price

Cupani Metals Corp. closed the second tranche of its non‑brokered private placement, raising C$716,250.03 in gross proceeds.
The offering consisted of 617,143 flow‑through units at $0.175 each and 4,866,000 hard‑cash units at $0.125 each.
Proceeds will be used to fund exploration on the 100 % owned Blue Lake/Retty Lake project and for general working capital.

Units Issued:
617,143 Flow‑Through (FT) Units @ C$0.175 per unit → C$108,000.03 gross proceeds.
4,866,000 Hard‑Cash (HC) Units @ C$0.125 per unit → C$608,250.00 gross proceeds.
Structure of FT Unit: one common share + half of a common‑share purchase warrant; whole warrant exercisable at $0.30 for 24 months with acceleration clause.
Structure of HC Unit: one common share + one full common‑share purchase warrant; warrant exercisable at $0.25 for 24 months with acceleration clause.
Use of Proceeds:
Exploration expenses on the Blue Lake/Retty Lake project (flow‑through eligible costs).
General working capital.
Finder Fees & Compensation:
Paid cash finder fees of $4,812.50 for the second tranche.
Issued 200,000 compensation HC Units at $0.125 each and 12,500 finder warrants (same terms as HC Unit warrants).
Prior Tranche Reference:
First tranche issued 11,621,281 FT Units for C$2,033,724.18 gross proceeds.
Previously issued 528,000 HC Units at $0.125 each and paid $3,775 in finder fees (clarified in this release).
Resale Restrictions: Units subject to a hold period of four months and one day from issuance per Canadian securities law.

(No executive quotes were included in the release.)

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