Business
Cosa Closes Upsized C$7.5 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is ...
About this update from Cosa Resources Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce that it has closed the brokered private placement previously announced by the Company on November 13, 2025, as upsized on November 14, 2025, for aggregate gross proceeds to the Company of C$7,500,000.74 (the "Offering"). The Offering was completed through a syndicate of agents, led by Haywood Securities Inc. and including Velocity Capital Partners and CIBC Capital Markets (collectively, the "Agents").","length":621,"tagName":"p"},{"type":"text","content":"Cosa's largest shareholder, Denison Mines Corp. (TSX: DML) (NYSE American: DNN) ("Denison"), participated in the Offering pursuant to its rights under the investor rights agreement between Denison and the Company dated January 14, 2025 (the "Investor Rights Agreement"). With closing of the Offering, Denison now owns 18.59% of Cosa on a partially-diluted basis. Denison is a leading Athabasca Basin-focused uranium mining, development, and exploration company with a market capitalization of approximately C$3 billion. Denison's current focus is advancing the development-stage Wheeler River project, which represents one of the largest undeveloped uranium mining projects in the infrastructure rich eastern portion of the Athabasca Basin.","length":773,"tagName":"p"},{"type":"text","content":"Pursuant to the Offering, the Company issued: (i) 11,538,462 hard dollar units of the Company (the "Units") at a price of C$0.26 per Unit (the "Unit Issue Price"); (ii) 7,537,690 charity flow-through units of the Company (the "Charity FT Units") at a price of C$0.398 per Charity FT Unit; and (iii) 5,000,000 flow-through common shares of the Company (the "FT Shares", and together with the Units and Charity FT Units, the "Offered Securities") at a price of C$0.30 per FT Share.","length":529,"tagName":"p"},{"type":"text","content":"Each FT Share qualifies as a "flow-through share" within the meaning of the Income Tax Act (Canada) and will qualify as an "eligible flow-through share" as defined in The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan). Each Unit consists of o...