TARGA ANNOUNCES UPSIZE OF PRIVATE PLACEMENT TO $3,500,000

Executive Summary

• Targa Exploration Corp. increased its non‑brokered private placement from C$3 million to up to C$3.5 million, issuing up to 14 million units at C$0.25 per unit.
• Each unit consists of one common share and one warrant (exercisable at C$0.50 per share for 24 months, with an acceleration clause tied to a V‑CSE price trigger).
• Net proceeds are earmarked for exploration activities on the Company’s mineral projects and general working capital; closing is expected around February 20, 2026.

Key Details

• Offering Size: Increased from C$3,000,000 to up to C$3,500,000 gross proceeds.
• Units Offered: Up to 14,000,000 units at 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; expires 24 months after closing unless accelerated.
• Acceleration Clause: If the 10‑day VWAP of Targa’s shares on the CSE reaches ≥ C$0.90, the Company may accelerate warrant expiry to 30 days after a press release announcing acceleration.
• Use of Proceeds: Exploration of mineral projects and working capital purposes.
• Closing Date: Anticipated on or about February 20, 2026, subject to customary conditions.
• Statutory Hold Period: Securities subject to a four‑month‑plus‑one‑day hold period from closing.
• Finder’s Fees: Company may pay eligible finders in connection with the offering.

Notable Quotes

(No executive quotes were included in the release.)