CUPANI METALS CLOSES PRIVATE PLACEMENT FOR PROCEEDS OF $1,617,781.25

Executive Summary

• Cupani Metals Corp. closed the third tranche of its non‑brokered private placement, raising $1,617,781.25 in gross proceeds.
• The offering consisted of 12,942,250 hard cash units (HC Units) at $0.125 per unit, each including one common share and one warrant exercisable at $0.25 for 24 months.
• Proceeds will be deployed to the Blue Lake/Retty Lake exploration project and for general working capital; insiders purchased 800,000 HC Units for $50,000 each.

Key Details

• Units Issued: 12,942,250 HC Units @ $0.125 per unit → $1,617,781.25 gross proceeds.
• Unit Composition: 1 common share + 1 full common share purchase warrant (exercisable at $0.25 up to 24 months from issuance).
• Insider Participation: Director & CEO Brian Bosse and Independent Director Elliot Beutel each subscribed $50,000 for a total of 800,000 HC Units (related‑party transaction exempt under MI 61‑101).
• Finder’s Fees: Paid aggregate cash finder's fees of $17,125; issued 559,975 compensation HC Units to certain finders at $0.125 per unit.
• Use of Proceeds: Funding for 100% owned Blue Lake/Retty Lake exploration project and general working capital.
• Resale Restrictions: Hold period of four months and one day from issuance; subject to Canadian securities law resale limits.
• Divestiture Update: On Dec 31 2025, Cupani completed the sale of non‑core subsidiary Capitalight Research Inc.; will receive a portion of revenues through Dec 31 2030, with resale restrictions until Jan 1 2031.

Notable Quotes

(No direct quotes were provided in the release.)