Andina Copper arranges $20-million in financings

Executive Summary

• Andina Copper Corp. announced a $20 million aggregate financing comprising a LIFE offering and a concurrent non-brokered private placement.
• The company will issue 25 million common shares at $0.80 per share to raise the capital.
• Net proceeds will be allocated to exploration at the Piuquenes and Cobrasco projects, working capital, and general corporate purposes.

Key Details

• Aggregate Gross Proceeds: $20 million ($10 million LIFE offering + $10 million concurrent private placement)
• Shares Issued: 25 million common shares total (12.5 million per tranche)
• Price Per Share: $0.80
• Finders' Fees: Up to 6% cash payable in connection with the offerings
• Use of Proceeds: Exploration at Piuquenes and Cobrasco projects, working capital, and general corporate purposes
• LIFE Offering Terms: Offered in all Canadian provinces except Quebec under the listed issuer financing exemption (NI 45-106 Part 5A); exempt from Canadian hold periods
• Non-LIFE Offering Terms: Offered to Canadian residents under other prospectus exemptions and outside Canada on a private placement basis; subject to a 4-month-and-1-day hold period
• Closing Date: Scheduled on or around March 6, 2026
• Regulatory Conditions: Subject to customary conditions, including compliance with TSX Venture Exchange policies
• Documentation: Offering document available on SEDAR+ and the company website