VANCOUVER, BC / ACCESS Newswire / September 24, 2026 / CoTec Holdings Corp. (TSXV:CTH)(OTCQX:CTHCF) ("CoTec" or the "Company") is pleased to announce that, subject to approval of the TSX Venture Exchange (the "TSXV"), it intends to extend the date of the final closing of its previously announced non-brokered private placement of unsecured convertible debentures (the "Offering") to on or before October 15, 2026.
The Offering is for aggregate gross proceeds of up to $20 million, of which $12,059,000 was raised pursuant to the initial closing announced on September 17, 2026. The Company continues to make progress towards a second closing of the Offering. Kings Chapel International Ltd. has agreed to purchase up to $5 million principal amount of Convertible Debentures at the final closing to the extent that the Company has not otherwise secured subscriptions from third party investors for those Convertible Debentures. For further details regarding the Offering, please refer to the Company's press releases dated August 11, 2026, and September 17, 2026.
All other terms and conditions of the Offering remain unchanged. Completion of the Offering remains subject to the receipt of all necessary approvals, including approval of the TSXV. The Company will issue a further news release upon completion of an additional closing of the Offering.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent such registration or an applicable exemption from such registration requirements.
This release does not constitute an offer for sale or the solicitation of an offer to buy any of the securities in the United States or to, or for the account or benefit of, a U.S. person. "U.S. Person" and "United States" are as defined in Regulation S under the U.S. Securities Act, or elsewhere.
About CoTec
CoTec is redefining the future of resource extraction and recycling. Focused on rare earth magnets and strategic materials, CoTec integrates breakthrough technologies with strategic assets to unlock secure, sustainable, and low-cost supply chains.
CoTec's mission is clear: accelerate the energy transition while strengthening strategic mineral supply chains for the countries we operate in. By investing in and deploying disruptive technologies, the Company delivers capital-efficient, scalable solutions that transform marginal assets, tailings, waste streams, and recycled products into high-value critical minerals.