Cosigo Resources arranges $1-million private placement

Executive Summary

• Cosigo Resources Ltd. has arranged a non-brokered private placement of up to $1 million, priced at $0.08 per unit, with warrants exercisable at $0.15.
• The company is nearing completion of an on-site sample pulverization mill and camp-level metallurgical gravity laboratory, expected to be fully operational by January 15.
• Net proceeds will fund prospecting, mapping, and sampling on the Taraira (Colombia) and Willow Creek (Nevada) properties, as well as general working capital.

Key Details

• Financing Structure:
  • Type: Non-brokered private placement.
  • Units: Priced at $0.08 per unit.
  • Warrants: Full warrant priced at $0.15 per unit.
  • Exercise Price: Warrants entitle holders to purchase common shares at $0.15.
  • Term: Warrants exercisable for 60 months from closing.
  • Hold Period: Statutory hold of 4 months and 1 day from closing (Canada/TSX Venture Exchange).
  • Insider Participation: Insiders are participating, constituting a related party transaction under MI 61-101.
  • Exemptions: Relies on "Issuer Not Listed on Specified Markets" and "Fair Market Value Not More Than $2.5-million" exemptions from MI 61-101.
  • Finder’s Fee: Company may pay a finder’s fee on a portion of gross proceeds.
  • Approval: Subject to TSX Venture Exchange approval.
• Use of Proceeds:
  • Next level of prospecting, mapping, and sampling on the Taraira property (Colombia).
  • Prospecting, mapping, and sampling on the Willow Creek property (Nevada).
  • General working capital.
• Operations & Equipment:
  • Status: On-site sample pulverization mill and camp-level metallurgical gravity laboratory are near completion.
  • Completion Date: Expected to have a complete working mill and camp-level laboratory by January 15.
  • Processing Workflow:
    1. Nugget Recovery: Material passes through a small, motorized sluice channel system (designed in Oregon) to extract larger gold nuggets.
    2. Pulverization: Material sent through a ball mill (designed in Canada, built in Colombia) for small to medium-sized samples.
    3. Gravity Concentration: Material transferred via venturi water system into a Falcon-type 220-volt enhanced gravity centrifuge system (Canadian-designed, industrial size).
    4. Fine Particle Recovery: Acquisition of a smaller flotation/gravity device (designed and built in Oregon) to recover/quantify free gold particles down to ~10 microns.
    5. Analysis: Heavy mineral concentrate analyzed in geologists' lab using digital microscope and gram scales.
  • Asset Ownership: Cosigo owns 100% of these capital assets; 90% of equipment is on-site or within country.
  • Strategic Benefit: Provides backup for rising international lab costs, allows prioritization of gold-bearing drill core/RC chip intervals for shipping to standard labs (SGS, ALS, Chrysos), and enables near real-time on-site results for drill targeting.
• Technical Disclosure:
  • Reviewed and approved by Erik Ostensoe, PGeo, geological consultant and qualified person under NI 43-101.