CoTec Announces Acceleration of Warrants

Executive Summary

• CoTec Holdings announces that the acceleration trigger for its 2025 LIFE Offering warrants has been met, setting an accelerated expiry date of April 10, 2026.
• To date, holders have exercised 5,132,643 warrants, generating C$6.16 million in gross proceeds; remaining unexercised warrants could yield up to approximately C$14.65 million if exercised before expiry.
• The accelerated expiry reflects sustained share‑price strength (TSX‑V closing above C$1.35 for 15 consecutive trading days).

Key Details

• Warrant pool: 17,339,336 warrants issued under the LIFE Offering (exercise price C$1.20 per share).
• Acceleration clause: Triggered when TSX‑V closing price exceeds C$1.35 for 15 straight trading days; trigger met as of March 3, 2026.
• Accelerated expiry date: Wednesday, April 10, 2026 (37 days from notice); all unexercised warrants expire at 5:00 p.m. Vancouver time on that date.
• Exercised to date: 5,132,643 warrants → C$6,159,172 gross proceeds received by the Company.
• Potential additional proceeds: If remaining 12,206,696 warrants are exercised, expected gross proceeds ≈ C$14,648,036.
• Impact on shareholders: Warrants expiring unexercised become void; holders must act before the accelerated expiry to avoid loss of rights.

Notable Quotes

(No executive quotes were included in the release.)