Gunnison holder Greenstone arranges secondary offering

Executive Summary

• Gunnison Copper Corp. announced that Greenstone Resources II LP and its affiliates have appointed Paradigm Capital Inc. as an agent to sell up to 143,208,937 common shares of Gunnison to institutional investors.
• The transaction represents the full exit of the Greenstone Group from Gunnison, reducing their ownership from 33.88% to 0%.
• Completion of the offering is expected on or before February 17, 2026, subject to the execution of share purchase agreements.

Key Details

• Transaction Structure: Greenstone Group appointed Paradigm Capital Inc. as agent on a commercially reasonable best-efforts basis.
• Shares Offered: Up to 143,208,937 common shares of Gunnison Copper Corp.
• Seller: Greenstone Resources II LP, Greenstone Excelsior Holdings LP, Greenstone Co-Investment No. 1 (Excelsior) LP, and Greenstone Co-Investment No. 2 (Excelsior) LP.
• Buyers: Institutional investors.
• Current Ownership: Greenstone Group beneficially owns 143,208,937 common shares, representing 33.88% of Gunnison (excluding conversion/exercise of debentures and options).
• Post-Transaction Ownership: Greenstone Group will hold 0% common shares following completion.
• Expected Completion Date: On or by February 17, 2026.
• Strategic Context: The transfer is part of Greenstone's fund sunset and end of its investment life cycle.

Notable Quotes

• "On behalf of Gunnison, I would like to express our sincere gratitude to Greenstone Resources LP for being a valued and supportive partner over the last 10-plus years," said Dr. Stephen Twyerould, president and chief executive officer of Gunnison Copper. "Greenstone has played an important role in the company's growth and advancement, and we deeply appreciate their long-standing commitment and contribution to our progress."