Algo Grande Copper Closes Oversubscribed $6.52 Million Financing and Strengthens Board at AGM
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Algo Grande Copper Closes Oversubscribed $6.52 Million Financing and Strengthens
Board at AGM
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC – February 27, 2026 – Algo Grande Copper Corp. (“Algo Grande”) (TSX-V:
ALGR; OTC: KNDYF; FRA: KM00) announces the closing of its previously announced non-
brokered private placement and the election of three new directors at its Annual General
Meeting held on February 25, 2026.
Pursuant to its news releases dated February 11, 2026 and February 19, 2026, the
Company has closed its previously announced non-brokered private placement (the
“Offering”) of common shares in the capital of the Company (the “Shares”), at a deemed
price of $0.65 per Share. The Offering consisted of 10,037,020 Shares for aggregate gross
proceeds of $6,524,063.
The Offering will fund the next phase of exploration at the Company’s 100%-owned Adelita
Project in Sonora, Mexico, focused on a Phase II drill program. Phase I drilling at the Cerro
Grande skarn intersected multiple stacked Cu-Au-Ag skarn horizons at depth, including
skarn zones that had not been identified by historic drilling. The upcoming program will
target expansion drilling at Cerro Grande and first-pass drilling along an approximately 6-
kilometre prospective limestone corridor hosting multiple, undrilled, outcropping skarn
targets. Proceeds from the Offering will also be used for additional operating costs and
general working capital requirements.
Commenting on the opportunity at Adelita, newly elected Director Raymond Jannas
stated:“The Adelita Project exhibits many of the characteristics we look for in emerging
district-scale systems, high-grade skarn mineralization with clear geological vectors
toward a deeper potential porphyry source. What excites me most is the combination of
compelling geology and a focused, determined team that is executing with discipline. With
capital in place and a clear exploration roadmap, Algo Grande is well positioned to unlock
the broader potential of this system.”
In connection with the closing of the Offering, the Company paid certain eligible finders
(each, a “Finder”) aggregate cash commissions of $169,605.44, being equal to 7% of the
aggregate gross proceeds raised from those purchasers introduced by such Finder, and
issued 355,863 common share purchase warrants (each, a “Finder Warrant”) being equal
to 7% of the number of Shares purchased by those purchasers introduced by such Finder.
Each Finder Warrant entitles the holder thereof to acquire a Share (each, a “Finder’s Warrant
Share”) at an exercise price of $0.65 per Finder’s Warrant Share until the date that is three
years after issuance.
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Additionally, Canaccord Genuity Corp. (“Canaccord”) acted as financial advisor to the
Company in connection with the Offering. The Company paid Canaccord a corporate
finance fee of $50,000 (the “Corporate Finance Fee”). The Corporate Finance Fee was
settled through the issuance of 76,923 Shares at a deemed price of $0.65 per Share.
Securities issued in the Offering are 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 Offering. The 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 also announces that at its Annual General Meeting held on February 25,
2026, shareholders approved all matters brought before the meeting, including the
election of three new directors:
Raymond Jannas
Hunter Scharfe
Enrico Gay
The appointments follow the Company’s previously announced board strengthening
initiatives (see news release dated February 11, 2026).
Certain directors of the Company (the “Insiders”) subscribed for an aggregate of 77,155
Shares for aggregate gross proceeds of $50,150.75 in the Offering. The Insiders’
participation constitutes 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 is relying on the exemption from the valuation requirements and
minority shareholder approvals in MI 61-101 pursuant to subsections 5.5(a) and 5.7(1)(a) of
MI 61-101, respectively, as the value of the Insiders’ participation in the Offering does not
represent more than 25% of the Company’s market capitalization, as determined in
accordance with 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.
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The company 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: [email protected]
Website: www.algo-grande.com
Cautionary Statement on Forward-Looking Information
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.
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, regulatory approvals for the
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
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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.