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Algo Grande Copper Announces Upsizing of Private Placement of Common Shares
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNIT...
About this update from Algo Grande Copper Corp.
[{"type":"text","content":"Algo Grande Copper Announces Upsizing of Private Placement of Common SharesTHIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / February 19, 2026 / Algo Grande Copper Corp. (\"Algo Grande\") (TSX-V:ALGR)(OTC:KNDYF)(FRA:KM00) is pleased to announce that in response to strong investor demand, it has upsized its previously announced non-brokered private placement (the \"Upsized Offering\") common shares in the capital of the Company (the \"Shares\") originally announced on February 11, 2026.The Upsized Offering raises the maximum aggregate gross proceeds from the sale of the Shares from $5,000,000 to up to $7,000,000. The Upsized Offering will now consist of up to 10,769,231 Shares at a price of $0.65 per Share.The Upsized 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.In connection with the Upsized Offering, the Company may pay certain eligible finders (each, a \"Finder\") a cash commission equal to 7% 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 7% 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 $0.65 per Finder's Warrant Share for a period of 36 months from the date of issuance.Additionally, Canaccord Genuity Corp. (\"Canaccord\") is acting as financial advisor to the Company in connection with the Upsized Offering. The Company shall pay Canaccord a corporate finance fee of $50,000 (the \"Corporate Finance Fee\") upon completion of the Upsized Offering. The Corporate Finance Fee may be settled through the issuance of Shares at a deemed price of $0.65 per Share.Th...