Andina Copper Announces $20 Million Private Placement
Vancouver, British Columbia — February 20, 2026 — Leads & Copy —
Andina Copper Corp. (TSX-V:ANDC / FSE:FIRA / OTCQX®:PMMCF) has announced a non-brokered private placement to raise gross proceeds of $10,000,000 through the offering of 12,500,000 common shares at a price of $0.80 per share. This is pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106- Prospectus Exemptions (the “LIFE Offering”).
Concurrent with the LIFE Offering, the Company is also conducting a non-brokered private placement to raise gross proceeds of $10,000,000 (the “Concurrent Financing” and together with the LIFE Offering, the “Offerings”), through the offering of 12,500,000 common shares at a price of $0.80 per share.
The Company may pay finder’s fees of up to 6% cash in connection with the Offerings.
The Non-LIFE Shares may be offered to purchasers resident in Canada pursuant to applicable prospectus exemptions, other than the Listed Issuer Financing Exemption, in accordance with applicable laws, and may also be offered in other qualifying jurisdictions outside of Canada on a private placement basis pursuant to relevant prospectus or registration exemptions in accordance with applicable laws. Any securities issued under the Non-LIFE Offering to purchaser’s that are residents in Canada will be subject to a hold period in accordance with applicable Canadian securities laws, expiring four months and one day following the issue date of the Non-LIFE Shares.
The LIFE Shares will be offered to purchasers pursuant to the Listed Issuer Financing Exemption, in each of the Provinces of Canada except Quebec. The LIFE Shares will not be subject to a Canadian hold period in accordance with applicable Canadian securities laws.
The Company intends to use the net proceeds from the Offerings to fund exploration at the Company’s Piuquenes and Cobrasco Projects, working capital and general corporate purposes, as more specifically described in the offering document. The LIFE Offering is scheduled to close on or around March 6, 2026. The LIFE Offering remains subject to certain conditions customary for transactions of this nature, including, but not limited to and compliance with TSX Venture Exchange policies.
An offering document related to the LIFE Offering will be available under the Company’s profile on SEDAR+ at www.sedarplus.com. The offering document will also be made available on the issuer’s website at www.andinacopper.com. Prospective investors of the LIFE Shares should read the Offering Document before making an investment decision.
Andina Copper Corporation is a South America-focused copper explorer listed on the TSX Venture Exchange (TSXV:ANDC), Frankfurt (FSE: FIR), and OTC (OTCQB: PMMCF) exchanges. The Company holds two discoveries along the Andean porphyry belt in Argentina and Colombia, and a copper-gold target in Chile.
Joseph van den Elsen, President & Chief Executive Officer, represents Andina Copper on behalf of the board.
Source: Andina Copper
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