Cosigo Resources Announces Extension of Private Placement Date

Rhea-AI Summary

Cosigo Resources (OTCQB:COSRF) announced the TSX Venture Exchange has extended the closing of its previously announced non-brokered private placement to April 15, 2026. The Offering is up to CAD$1,000,000 at CAD$0.08 per Unit, each Unit including a full warrant at CAD$0.15 exercisable for 60 months.

The Private Placement will include insider participation and the company relies on MI 61-101 exemptions. Net proceeds are intended for prospecting, mapping and sampling at the Taraira property, Willow Creek Nevada, and for general working capital.

Positive

• Access to up to CAD$1,000,000 in fresh capital
• Warrants with 60-month term provide potential follow-on funding
• Proceeds earmarked for Taraira and Willow Creek exploration

Negative

• Insider participation in the placement creates related-party transaction disclosure
• Issuance at CAD$0.08 per Unit will dilute existing shareholders
• Reliance on MI 61-101 exemptions avoids formal valuation and minority approval

News Market Reaction – COSRF

+1.10%

1 alert

+1.10% News Effect

On the day this news was published, COSRF gained 1.10%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Victoria, British Columbia--(Newsfile Corp. - April 1, 2026) - Cosigo Resources Ltd. (TSXV: CSG) (OTCQB: COSRF) ("Cosigo" or the "Company") further to the Corporation's press release dated December 10, 2025, the Corporation is pleased to announce that the TSX Venture Exchange (the "Exchange") has agreed to extend the closing of its previously announced non-brokered private placement of units in the capital of the Corporation ("Units") of up to CAD$1,000,000 at a purchase price of CAD$0.08 per Unit (the "Offering Price"), (the "Offering") until April 15, 2026. The Private Placement consists of Units priced at CAD$0.08 with a full warrant priced at CAD$0.15. Each warrant will entitle the holder to purchase an additional common share at a price of CAD$0.15 for a period of 60 months from the date of closing of the Private Placement.

The Private Placement will include participation by insiders of the Company. The participation in the placement by insiders constitutes a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101")). The Company relies upon the "Issuer Not Listed on Specified Markets" and "Fair Market Value Not More Than CAD$2,500,000" exemptions from the formal valuation and minority shareholder approval requirements, respectively, under MI 61-101.

The Company intends to use the net proceeds of the Offering to conduct the next level of prospecting, mapping and sampling on the Company's Taraira property, the Willow Creek Nevada property and for general working capital.

About Cosigo Resources

Cosigo Resources Ltd. is a junior exploration company trading on the TSX Venture Exchange (symbol CSG.V). The Company is focused on exploring and developing the gold potential of its properties in the Taraira District in south-east Colombia near the border of Brazil. The Company also holds a 100% interest in the Willow Creek property, located in the northern sierras of Nevada near Winnemucca, a 100% interest in the Damian property in the Cordillera region of Colombia, and owns 13.26% of DHK Diamonds Inc. a company exploring for diamonds in the DO27 region of the Northwest Territories of Canada.

To find out more about Cosigo Resources visit our website at www.cosigo.com.

FOR MORE INFORMATION CONTACT:
Cosigo Resources Ltd.
Andy Rendle
President & COO
Andy@Cosigo.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX-Venture Exchange) nor the OTC Markets Group Inc. accepts responsibility for the adequacy or accuracy of this Release.

Cautionary and Forward-Looking Statements

This news release announces the approval of an extension date by the TSX Venture Exchange, which is a statement of historical fact. The information in this news release is accurate at the time of posting and may be superseded by more current information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290976

FAQ

What are the extended terms of Cosigo (COSRF) private placement closing date and size?

The closing was extended to April 15, 2026 and the Offering is up to CAD$1,000,000. According to the company, Units are priced at CAD$0.08 with warrants at CAD$0.15 exercisable for 60 months.

How will the private placement (COSRF) Units and warrants affect shareholder dilution?

Issuing Units at CAD$0.08 will increase share count and dilute existing holders unless warrants are not exercised. According to the company, warrants at CAD$0.15 could create additional dilution if exercised within 60 months.

Why is insider participation in the COSRF private placement significant for investors?

Insider participation is a related-party transaction requiring disclosure under MI 61-101. According to the company, it relies on MI 61-101 exemptions rather than formal valuation or minority shareholder approval.

What will Cosigo (COSRF) use the proceeds from the Offering for?

Net proceeds are intended for prospecting, mapping and sampling at Taraira and Willow Creek Nevada, plus general working capital. According to the company, funds will support the next level of exploration activities.

When do COSRF warrants from the private placement expire and at what exercise price?

Each warrant is exercisable for 60 months at an exercise price of CAD$0.15. According to the company, warrants attach to Units and permit purchase of an additional common share per warrant.