TARGA ANNOUNCES $3,000,000 NON-BROKERED PRIVATE PLACEMENT

Executive Summary

• Targa Exploration Corp. announced a non‑brokered private placement to raise up to C$3,000,000 by selling units at C$0.25 each.
• Each unit consists of one common share and one common share purchase warrant (exercisable at C$0.50 for 24 months, with an acceleration clause).
• Net proceeds are earmarked for exploration activities on the Company’s mineral projects and for working‑capital purposes; closing is expected around February 20 2026.

Key Details

• Offering size: Up to C$3,000,000 gross proceeds.
• Unit price: C$0.25 per unit.
• Unit composition: 1 common share + 1 common‑share purchase warrant.
• Warrant terms: Right to acquire one additional share at C$0.50 per share; expires 24 months after closing, subject to acceleration if the 10‑day VWAP ≥ C$0.90. Accelerated expiry would be 30 days after a press release. Unexercised warrants expire without compensation.
• Use of proceeds: Exploration of mineral projects and general working capital.
• Closing date: Anticipated on or about February 20, 2026, subject to customary conditions.
• Statutory hold period: Four months and one day from the closing date.
• Finder’s fees: Company may pay eligible finders in connection with the offering.

Notable Quotes

(No executive quotes were included in the release.)