Andina increases private placements

Executive Summary

• Andina Copper Corp. has upsized its previously announced LIFE offering and concurrent non-brokered private placement to an aggregate of $27.5 million in gross proceeds.
• The combined offering comprises 34,375,000 common shares priced at $0.80 per share, driven by investor demand.
• Net proceeds will be allocated to exploration at the Piuquenes and Cobrasco projects, working capital, and general corporate purposes.

Key Details

• Aggregate Gross Proceeds: $27.5 million ($12.2 million from LIFE offering + $15.3 million from concurrent non-LIFE offering)
• Total Shares Issued: 34,375,000 common shares (15,250,000 LIFE shares + 19,125,000 non-LIFE shares)
• Price Per Share: $0.80
• Financing Structure: Non-brokered private placement under the Listed Issuer Financing Exemption (LIFE) and a concurrent non-LIFE private placement
• Finders' Fees: Up to 6% in cash may be paid
• Use of Proceeds: Exploration at Piuquenes and Cobrasco projects, working capital, and general corporate purposes
• Hold Periods: Non-LIFE shares issued to Canadian residents are subject to a 4-month-and-1-day hold period; LIFE shares are exempt from Canadian hold periods
• Jurisdictional Offerings: Non-LIFE shares may be offered to Canadian residents under other prospectus exemptions and to qualifying jurisdictions outside Canada; LIFE shares offered in all Canadian provinces except Quebec
• Closing Date: Scheduled on or around March 11, 2026
• Regulatory Conditions: Subject to customary conditions, including compliance with TSX Venture Exchange policies
• Documentation: Amended and restated offering document available on SEDAR+ and the company website