Cosigo Resources Finances $700k

Financing Execution and Terms

• Cosigo Resources Ltd. closed a private placement on April 16, 2026, raising $700,000 in gross proceeds.
• Issuance consisted of 8,750,000 units at $0.08 per unit, comprising one common share and one warrant per unit.
• Warrants carry an exercise price of $0.15 and are exercisable for 60 months following issuance.
• A related party transaction occurred where directors and officers purchased approximately 2,247,157 common shares (approx. 25% of the placement).
• Proceeds are designated for the 2026 exploration program on Taraira (Colombia) and Willow Creek (Nevada), plus general working capital.

Dilution and Capital Efficiency

• The company raised $700,000 against a previously announced target of up to $1,000,000 (announced Dec 2025 and extended April 1).
• Raising less than the maximum indicates potential investor hesitation following the lower-than-expected bulk sample grades.
• Issuance at $0.08 is consistent with recent trading levels ($0.08-$0.09), minimizing immediate price shock but increasing share count by ~25% relative to the placement size.

Corporate Structure

• Cosigo Resources Ltd. operates as a junior exploration company focused on gold projects in Colombia and Nevada.
• Management includes Andy Rendle (President & COO) and Erik Ostensoe (Qualified Person).