CoTec Holdings Corp. Announces Upsize to Life Offering for Gross Proceeds, Together With Its Previously Announced Private Placement, of up to $14 Million

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[{"type":"text","content":"CoTec Holdings Corp. Announces Upsize to Life Offering for Gross Proceeds, Together With Its Previously Announced Private Placement, of up to $14 MillionVANCOUVER, BC / ACCESS Newswire / July 8, 2025 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (the \"Corporation\") is pleased to announce that, as a result of strong investor demand, the Corporation has increased the size of its previously announced financing pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the \"LIFE Offering\") from aggregate gross proceeds of up to $5 million to aggregate gross proceeds of up to $9 million. The upsized LIFE Offering is comprised of the sale of up to 11,538,461 units (each, a \"Unit\") at a price of $0.78 per Unit. Each Unit consists of one common share in the capital of the Corporation (each, a \"Common Share\") and one Common Share purchase warrant (each, a \"Warrant\"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $1.20 for a period of 18 months following the issuance of the Units.Together with the previously announced $5 million concurrent private placement of Units (on the same terms as the LIFE Offering) (the \"Private Placement\" and, together with the LIFE Offering, the \"Offering\"), up to an aggregate of 17,948,717 Units will be issued under the Offering for aggregate gross proceeds of up to $14 million.As previously disclosed, the net proceeds of the Offering will be used to fund the detailed design and engineering at HyProMag USA LLC, the Corporation's drilling program at its Lac Jeannine property, further investment obligations and for general corporate purposes.There is a second amended and restated offering document relating to the LIFE Offering that can be accessed under the Corporation's SEDAR+ profile at www.sedarplus.ca and on the Corporation's website at www.cotec.ca. Prospective investors should read this amended offering document before making an investment decision.As previously announced, the Corporation has completed two prior closings of the Offering in respect of which it issued an aggregate of 10,066,919 Units for gross proceeds of $7,852,202.99 (please refer to the Corporation's press releases dated June 18 and July 3, 2025 for further details). It is anticipated that the final closing of the Offering wil...

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