Northwire Canada EditionWednesday, November 11, 2026
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Financings

Andina Copper Upsizes LIFE Offering and Concurrent Financing to an Aggregate of $27.5 m

By The Northwire Desk — AI Analysis Feb 23, 2026 · 17:05 ANDC · 0.9 Andina Copper Corporation
ANDC · Price

Executive Summary

  • Andina Copper Corp. upsized its previously announced non‑brokered private placements to a total gross proceeds of $27,500,000 (LIFE Offering $12.2 M + Concurrent Financing $15.3 M).
  • The offerings will sell 34,375,000 common shares at $0.80 per share, with the LIFE Offering slated to close around March 11, 2026.
  • Net proceeds are earmarked for exploration at the Piuquenes and Cobrasco Projects, working capital, and general corporate purposes.

Key Details

  • LIFE Offering:
  • Gross proceeds: $12,200,000
  • Shares offered: 15,250,000 LIFE Shares @ $0.80 each

  • Offered under the Listed Issuer Financing Exemption (except Quebec) – no Canadian hold period.

  • Concurrent Financing (Non‑LIFE Offering):

  • Gross proceeds: $15,300,000
  • Shares offered: 19,125,000 Non‑LIFE Shares @ $0.80 each

  • May be offered to Canadian residents under other prospectus exemptions and to qualified investors outside Canada; subject to a four‑month‑plus‑one‑day hold period for Canadian purchasers.

  • Finder’s Fees: Company may pay up to 6 % cash in finder’s fees.

  • Closing Timeline: LIFE Offering expected to close on or about March 11, 2026; both offerings remain subject to customary closing conditions and TSX Venture Exchange policies.

  • Use of Proceeds:

  • Fund exploration activities at the Piuquenes (Argentina) and Cobrasco (Colombia) projects.

  • Provide working capital and support general corporate purposes as detailed in the offering documents.

  • Documentation & Access:

  • Amended and restated offering document available on SEDAR+ (www.sedarplus.com) and company website (www.andinacopper.com).

  • Securities are not registered under U.S. securities laws; cannot be offered or sold in the United States absent exemption.

  • Contact Information:

  • Joseph van den Elsen – President & CEO ([email protected])
  • Jordan Webster – VP Technical Communications ([email protected])

Notable Quotes

  • “The upsized offerings reflect strong investor interest and will provide the capital needed to advance our flagship projects and sustain growth.” – Joseph van den Elsen, President & CEO.
Read the original news release →

More from Andina Copper Corporation

Nov 05, 2026 · 06:01

Andina confirmed high-grade copper core in CDH013, although the intercept width was narrower than previous results.

Drill Results Sep 23, 2026 · 07:00

Andina confirms 0.51% copper at a new pad, expanding the deposit footprint by 100 metres.

Drill Results Aug 25, 2026 · 06:00

Andina’s Cobrasco depth confirmation aligns with expectations, with no lateral step-out to re-rate the deposit.

Drill Results Aug 11, 2026 · 06:00

Andina Copper Intersects 264m at 0.63% Cu from 36m within 504m at 0.48% Cu, Further Expands Mineralized Footprint

Drill Results Jul 08, 2026 · 06:00

Andina’s Piuquenes North assays confirm a third porphyry with 468m at 0.50% Cu and a high-grade core.

Drill Results Jun 24, 2026 · 06:00

Andina Copper drilled wide, low-grade copper-molybdenum intercepts at the Cobrasco Porphyry project, expanding its northwest zone.

Drill Results