Algo Grande Copper Closes Oversubscribed $6.52 Million Financing and Strengthens Board at AGM

Executive Summary

• Algo Grande Copper Corp. closed a non‑brokered private placement of 10,037,020 common shares at $0.65 per share, raising $6.524 M in gross proceeds.
• Proceeds will fund the Phase II drill program at the Adelita Project (Cerro Grande skarn) and general working capital.
• At the Annual General Meeting on Feb 25, 2026, three new directors were elected: Raymond Jannas, Hunter Scharfe and Enrico Gay.

Key Details

• Offering Size & Price: 10,037,020 Shares at a deemed price of $0.65 per Share.
• Gross Proceeds: $6,524,063.
• Use of Proceeds:
• Phase II exploration drilling at Adelita Project (expansion drilling at Cerro Grande and first‑pass drilling along ~6 km limestone corridor).
• Additional operating costs and general working capital.
• Finder Compensation:
• Cash commissions paid to finders: $169,605.44 (7% of gross proceeds attributable to finder‑introduced purchasers).
• Finder Warrants issued: 355,863 warrants (7% of shares purchased via each finder), exercisable at $0.65 per share for three years.
• Financial Advisor Fee: Canaccord Genuity Corp. received a corporate finance fee of $50,000, settled by issuing 76,923 Shares at the same $0.65 deemed price.
• Hold Period: Securities subject to a four‑month hold period (expires four months and one day from closing).
• Board Appointments: New directors elected – Raymond Jannas, Hunter Scharfe, Enrico Gay.
• Insider Participation: Insiders subscribed for 77,155 Shares for $50,150.75; treated as a related‑party transaction under MI 61‑101 with exemption from valuation requirements.
• Regulatory Conditions: Closing subject to required approvals, including TSX Venture Exchange acceptance.

Notable Quotes

“The Adelita Project exhibits many of the characteristics we look for in emerging district‑scale systems… With capital in place and a clear exploration roadmap, Algo Grande is well positioned to unlock the broader potential of this system.” – Raymond Jannas, newly elected Director.