Coyote Copper Announces Edited Closing of Its Oversubscribed Financing

Executive Summary

• Coyote Copper Mines Inc. has closed the final tranche of its previously announced non-brokered private placement financing.
• The offering consists of up to 34,353,483 units priced at CAD$0.25 per unit, generating aggregate gross proceeds of approximately $8.59 million.
• Proceeds will be directed toward exploration and general corporate purposes, with standard warrant structures, finder's fees, and pending regulatory approvals detailed in the release.

Key Details

• Total Units Issued: 34,353,483 Units
• Price per Unit: CAD$0.25
• Aggregate Gross Proceeds: $8,588,370.75 CAD
• Use of Proceeds: Exploration and general corporate purposes
• Unit Composition: Each Unit consists of one (1) fully-paid Common Share and one half (½) Common Share purchase warrant
• Warrant Terms: Two Half Warrants entitle the holder to purchase one Common Share; expire 36 months from the date of issue; exercise price of CAD$0.50 per share
• First Tranche Details: 20,956,830 Units sold for total gross proceeds of C$5,239,207.50
• Final Tranche Details: 13,396,313 Units sold for total gross proceeds of C$3,349,163.25
• Finder's Fees: C$528,085 in cash consideration plus 1,836,260 compensation warrants (exercise price C$0.50, 36-month term)
• Regulatory Status: Closing is subject to receipt of all necessary regulatory approvals, including final TSX Venture Exchange approval
• Hold Period: All securities issued and issuable pursuant to the First Tranche are subject to a four-month plus one day hold period commencing on the date of issuance