Algo Grande Copper Announces Upsizing of Private Placement

Rhea-AI Summary

Algo Grande Copper (OTC:ALGRF) has upsized its previously announced non-brokered private placement of common shares, increasing the maximum gross proceeds from $3,000,000 to up to $5,000,000. The offering now comprises up to 8,333,333 shares at $0.60 per share.

According to the company, net proceeds will fund ongoing drilling and exploration at its 100%-owned Adelita Project in Sonora, and support operating costs and working capital. Eligible finders may receive a 6% cash commission and 6% finder warrants, exercisable at $0.75 for 24 months. The financing is subject to TSX Venture Exchange approval, includes a four-month hold period, and may include insider participation under MI 61-101 exemptions.

Positive

• Upsized financing to $5,000,000 from previously announced $3,000,000
• Up to 8,333,333 new shares at $0.60 to fund Adelita drilling and exploration
• Proceeds allocated to exploration, operating costs, and working capital for Adelita Project advancement

Negative

• Share dilution risk from up to 8,333,333 new shares plus additional finder warrants
• Finder compensation costs of up to 6% cash commission and 6% in finder warrants
• Financing conditional on TSX Venture Exchange and other required approvals, with no minimum subscription level

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC / ACCESS Newswire / August 26, 2026 / Algo Grande Copper Corp. ("Algo Grande" or the "Company") (TSXV:ALGR)(OTCID:ALGRF)(FRA:KM00) announces that in response to strong demand, it has upsized its previously announced non-brokered private placement (the "Upsized Offering") of common shares in the capital of the Company (the "Shares") originally announced on August 13, 2026.

The Upsized Offering raises the maximum aggregate gross proceeds from the sale of the Shares from $3,000,000 to up to $5,000,000. The Upsized Offering will now consist of up to 8,333,333 Shares at a price of $0.60 per Share. The use of proceeds from the Upsized Offering will be used to fund ongoing drilling and exploration on the Company's 100%-owned Adelita Project in Sonora, as well as for the payment of additional operating costs and general working capital requirements.

In connection with the Upsized Offering, the Company may pay certain eligible finders (each, a "Finder") a cash commission equal to 6% of the aggregate gross proceeds raised from those purchasers introduced by such Finder and issue that number of common share purchase warrants (each, a "Finder Warrant") equal to 6% of the number of Shares purchased by those purchasers introduced by such Finder. Each Finder Warrant will entitle the holder thereof to acquire a Share (each, a "Finder's Warrant Share") at an exercise price of $0.75 per Finder's Warrant Share for a period of 24 months from the date of issuance.

Securities issued in the Upsized Offering will be subject to a four-month hold period in accordance with applicable securities laws, which will expire four months and one day from the date of closing of the Upsized Offering. The Upsized Offering is not subject to a minimum aggregate number of subscriptions. The Upsized Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals, including approval of the TSX Venture Exchange.

The Company expects that certain insiders of the Company (the "Insiders") may participate in the Upsized Offering. The participation of Insiders may constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Algo Grande Copper Corp.

Algo Grande Copper Corp. is a growth-focused mineral exploration company advancing the Adelita Project, a district-scale, multi-system copper-gold-silver opportunity positioned in the prolific Arizona-Sonora copper belt.

Algo Grande is dedicated to unlocking the full potential of this under-explored corridor through disciplined data-driven exploration, technical excellence, and a firm commitment to value creation for shareholders. The 5,895-hectare Adelita Project is anchored by the high-grade Cerro Grande Cu-Au-Ag skarn discovery, which exhibits strong continuity along a defined corridor extending over 6 kilometers. Reprocessing of legacy geophysical data and field mapping indicate the presence of a potential porphyry system at depth, suggesting a classic skarn-porphyry mineralization model similar to major deposits found throughout northwestern Mexico.

ON BEHALF OF ALGO GRANDE COPPER CORP.

Enrico Gay
Chief Executive Officer

For more information, please contact:

E-mail: info@algo-grande.com
Website: www.algo-grande.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement on Forward-Looking Information

This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Algo Grande to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, but not limited to, statements relating to the completion of the Upsized Offering, regulatory approvals for the Upsized Offering and the anticipated use of proceeds therefrom, and those listed in filings made by Algo Grande with the Canadian securities regulatory authorities (which may be viewed at www.sedarplus.ca). Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for Algo Grande's management to predict all of such factors and to assess in advance the impact of each such factor on Algo Grande's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward- looking statements. Algo Grande does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.

SOURCE: Algo Grande Copper Corp.

View the original press release on ACCESS Newswire

FAQ

What did Algo Grande Copper (ALGRF) announce about its private placement on August 26, 2026?

Algo Grande Copper announced an upsizing of its non-brokered private placement to raise up to $5,000,000. According to the company, the offering now covers up to 8,333,333 common shares at $0.60 per share, subject to TSX Venture Exchange and other required approvals.

How many shares and at what price is Algo Grande Copper (ALGRF) issuing in the upsized offering?

Algo Grande Copper plans to issue up to 8,333,333 common shares at $0.60 per share in the upsized offering. According to the company, this structure allows maximum gross proceeds of up to $5,000,000 from the non-brokered private placement.

How will Algo Grande Copper (ALGRF) use the proceeds from the upsized $5 million financing?

Algo Grande Copper intends to use proceeds to fund drilling and exploration at its Adelita Project and for working capital. According to the company, funds will support ongoing exploration, additional operating costs, and general corporate purposes linked to project advancement.

What are the finder fees and warrants in Algo Grande Copper’s (ALGRF) upsized private placement?

Eligible finders may receive a 6% cash commission and 6% finder warrants based on introduced subscriptions. According to the company, each finder warrant is exercisable at $0.75 for 24 months, potentially adding further equity-linked compensation over time.

Are there resale restrictions on the shares from Algo Grande Copper’s (ALGRF) upsized private placement?

Yes. Securities issued will be subject to a four-month hold period plus one day from the closing date. According to the company, this restriction follows applicable securities laws and limits immediate secondary market trading of the newly issued shares.

Will insiders participate in Algo Grande Copper’s (ALGRF) upsized private placement and what regulations apply?

The company expects certain insiders may participate in the upsized offering, making it a related party transaction under MI 61-101. According to Algo Grande Copper, it plans to rely on exemptions from formal valuation and minority shareholder approval requirements.

Is Algo Grande Copper’s (ALGRF) upsized private placement available to U.S. investors?

No. The upsized private placement is not an offer or solicitation in the United States. According to Algo Grande Copper, the securities are not registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without an applicable exemption.