Axo Copper files prospectus for $35-million offering

Executive Summary

• Axo Copper Corp. filed a final short‑form prospectus for its bought‑deal public offering of units at C$0.70 per unit, targeting gross proceeds of C$35 million.
• Each unit consists of one common share and half of a common‑share purchase warrant (exercise price C$1.00, 18‑month term).
• The underwriters have an overallotment option for up to an additional 15% of the offering, which could raise an extra C$5.25 million, bringing total potential proceeds to C$40.25 million.

Key Details

• Offering price: C$0.70 per unit.
• Units composition: 1 common share + ½ warrant (each warrant = right to buy 1 share at C$1.00).
• Initial gross proceeds target: C$35 million.
• Overallotment option: Up to 15% of the offering, exercisable up to 30 days post‑closing; if fully exercised adds C$5.25 million, raising total potential proceeds to C$40.25 million.
• Underwriting syndicate: Desjardins Capital Markets and BMO Capital Markets (co‑lead underwriters & joint bookrunners) and Stifel Nicolaus Canada Inc.
• Closing date: Expected on or about 19 Feb 2026.
• TSX Venture Exchange: Conditionally approved listing of the new common shares, subject to customary conditions.
• Geographic scope: Offering conducted in all Canadian provinces except Quebec and internationally, in compliance with applicable securities laws.
• Prospectus access: Available free of charge via SEDAR+; electronic or paper copies can be requested from Desjardins ([email protected]).

Notable Quotes

(No executive quotes were provided in the release.)