VANCOUVER, BC, July 16, 2026 /CNW/ -- Coast Copper Corp. ("Coast Copper" or the "Company"; (TSXV: COCO) is pleased to announce that all 8,000,000 common share purchase warrants with an exercise price of $0.10 (the "Warrants"), and whose expiry date was accelerated to July 17, 2026 (announced June 4, 2026), have been exercised, bringing in a total of $800,000 into treasury. Approximately 49% of the Warrants were held by Insiders of the Company.
The Company is also pleased to announce that an early warning report ("EWR") was filed by Mr. Michael Kosowan, a shareholder of the Company. On July 15, 2026, Mr. Kosowan acquired 1,000,000 common shares of the Company by way of exercising 1,000,000 of the Warrants for an aggregate cost of $100,000 (the "Transaction"). The Transaction has triggered the requirements to file an EWR as Mr. Kosowan's ownership and control and direction over the common shares of the Company has increased by more than 2% of the issued and outstanding common shares of the Company since the date of Mr. Kosowan's previous early warning report dated January 14, 2026 (the "Prior EWR"). Immediately after the Transaction, Mr. Kosowan beneficially owns and has control and direction over 11,801,500 common shares and 2,000,000 common share purchase warrants of the Company, representing approximately 14.10% of the Company's issued and outstanding shares on an undiluted basis and approximately 16.10% of the Company's issued and outstanding shares on a partially diluted basis (assuming the exercise of the warrants held by Mr. Kosowan). As a result of the Transaction, Mr. Kosowan's ownership and control and direction over the common shares of the Company has increased by approximately 2.36% on an undiluted basis, and approximately 0.96% on a partially diluted basis (assuming the exercise of the warrants held by Mr. Kosowan) since the date of the Prior EWR.
Adam Travis, CEO comments: "We are extremely pleased to announce the successful exercise of all 8,000,000 warrants. Coast Copper is continuing to deliver on its strategy of divesting some of its non-core projects (see Ben Nevis sale to Talisker Resources announced on July 6, 2026), and together with prudent fiscal management, we continue to add value while still advancing our flagship projects. With 49% of the warrants having been exercised by Insiders, and with Mr. Kosowan's continued investment, this demonstrates the deep confidence our team and major shareholders have in the Company's direction and the future potential of our Vancouver Island and regional properties."