Kobrea arranges $5-million private placement

Executive Summary

• Kobrea Exploration Corp. announced a $5 million best-efforts private placement of up to 10 million units at $0.50 per unit.
• Each unit consists of one common share and one-half of one common share purchase warrant, with warrants exercisable at $0.75 per share for 24 months.
• Net proceeds are intended for drilling and exploration at projects in Mendoza province, Argentina, as well as working capital and general corporate purposes.

Key Details

• Transaction Structure: Best-efforts private placement via lead agent Kernaghan & Partners Ltd. and syndicate including Beacon Securities Ltd. and Red Cloud Securities Inc.
• Units Offered: Up to 10,000,000 units.
• Price: $0.50 per unit.
• Gross Proceeds: Up to $5,000,000.
• Unit Composition: Each unit comprises one common share and one-half of one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: $0.75 per share.
  • Term: 24 months from issuance.
  • Lock-up: Warrants cannot be exercised for 60 days from the date of issuance.
• Regulatory Basis: Issued pursuant to Part 5A of National Instrument 45-106 and Coordinated Blanket Order 45-935 (Listed Issuer Financing Exemption).
• Use of Proceeds: Drilling and exploration at projects in Mendoza province, Argentina; working capital; and general corporate purposes.
• Closing Date: Expected on or about September 30, 2025, subject to regulatory approvals including the Canadian Securities Exchange.
• Hold Period: Securities issued under the listed issuer financing exemption are not subject to a hold period under applicable Canadian securities laws.
• Offering Document: Available dated September 17, 2025.

Notable Quotes

• No direct quotes from management were included in the provided text.