CoTec Holdings Corp. Announces Upsize to Life Offering for Gross Proceeds, Together With Its Previously Announced Private Placement, of up to $14 Million
CoTec Holdings (OTCQB:CTHCF) has increased its LIFE Offering from $5 million to $9 million due to strong investor demand. The upsized offering consists of up to 11,538,461 units at $0.78 per unit, with each unit comprising one common share and one warrant exercisable at $1.20 for 18 months.
Combined with a concurrent $5 million private placement, the total offering reaches $14 million. The company has already completed two closings, raising $7.85 million through 10,066,919 units. The final closing is expected around July 11, 2025.
Proceeds will fund HyProMag USA's detailed design and engineering, Lac Jeannine property drilling program, and general corporate purposes.
CoTec Holdings (OTCQB:CTHCF) ha aumentato la sua offerta LIFE da 5 milioni di dollari a 9 milioni di dollari grazie a una forte domanda da parte degli investitori. L'offerta ampliata comprende fino a 11.538.461 unit脿 a 0,78 dollari per unit脿, con ogni unit脿 composta da un'azione ordinaria e un warrant esercitabile a 1,20 dollari per 18 mesi.
In combinazione con un collocamento privato contemporaneo di 5 milioni di dollari, l'offerta totale raggiunge 14 milioni di dollari. La societ脿 ha gi脿 completato due chiusure, raccogliendo 7,85 milioni di dollari tramite 10.066.919 unit脿. La chiusura finale 猫 prevista intorno al 11 luglio 2025.
I proventi finanzieranno la progettazione dettagliata e l'ingegneria di HyProMag USA, il programma di perforazione della propriet脿 Lac Jeannine e le spese generali aziendali.
CoTec Holdings (OTCQB:CTHCF) ha aumentado su oferta LIFE de 5 millones a 9 millones de d贸lares debido a una fuerte demanda por parte de los inversionistas. La oferta ampliada consiste en hasta 11,538,461 unidades a 0.78 d贸lares por unidad, con cada unidad compuesta por una acci贸n com煤n y un warrant ejercitable a 1.20 d贸lares durante 18 meses.
Combinado con una colocaci贸n privada concurrente de 5 millones de d贸lares, la oferta total alcanza 14 millones de d贸lares. La compa帽铆a ya ha completado dos cierres, recaudando 7.85 millones de d贸lares a trav茅s de 10,066,919 unidades. Se espera que el cierre final sea alrededor del 11 de julio de 2025.
Los ingresos financiar谩n el dise帽o detallado e ingenier铆a de HyProMag USA, el programa de perforaci贸n en la propiedad Lac Jeannine y los prop贸sitos corporativos generales.
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氇笀霅� 鞛愱笀鞚� HyProMag USA鞚� 靸侅劯 靹り硠 氚� 鞐旍雼堨柎毵�, Lac Jeannine 攵�歆� 鞁滌稊 頂勲攴鸽灗, 攴鸽Μ瓿� 鞚茧皹 旮办梾 氇╈爜鞐� 靷毄霅� 鞓堨爼鞛呺媹雼�.
CoTec Holdings (OTCQB:CTHCF) a augment茅 son offre LIFE de 5 millions 脿 9 millions de dollars en raison d'une forte demande des investisseurs. L'offre augment茅e comprend jusqu'脿 11 538 461 unit茅s au prix de 0,78 dollar par unit茅, chaque unit茅 comprenant une action ordinaire et un warrant exer莽able 脿 1,20 dollar pendant 18 mois.
Combin茅e 脿 un placement priv茅 simultan茅 de 5 millions de dollars, l'offre totale atteint 14 millions de dollars. La soci茅t茅 a d茅j脿 r茅alis茅 deux cl么tures, levant 7,85 millions de dollars gr芒ce 脿 10 066 919 unit茅s. La cl么ture finale est pr茅vue aux alentours du 11 juillet 2025.
Les fonds serviront 脿 financer la conception d茅taill茅e et l'ing茅nierie de HyProMag USA, le programme de forage sur la propri茅t茅 Lac Jeannine, ainsi que les besoins g茅n茅raux de l'entreprise.
CoTec Holdings (OTCQB:CTHCF) hat sein LIFE-Angebot aufgrund der starken Nachfrage von Investoren von 5 Millionen auf 9 Millionen US-Dollar erh枚ht. Das erweiterte Angebot umfasst bis zu 11.538.461 Einheiten zu je 0,78 US-Dollar, wobei jede Einheit aus einer Stammaktie und einem Warrant besteht, der f眉r 18 Monate zum Preis von 1,20 US-Dollar ausge眉bt werden kann.
In Kombination mit einer gleichzeitigen 5-Millionen-US-Dollar-Privatplatzierung erreicht das Gesamtangebot 14 Millionen US-Dollar. Das Unternehmen hat bereits zwei Abschl眉sse durchgef眉hrt und dabei 7,85 Millionen US-Dollar durch 10.066.919 Einheiten eingenommen. Der endg眉ltige Abschluss wird voraussichtlich um den 11. Juli 2025 stattfinden.
Die Erl枚se werden f眉r das detaillierte Design und Engineering von HyProMag USA, das Bohrprogramm auf dem Grundst眉ck Lac Jeannine sowie f眉r allgemeine Unternehmenszwecke verwendet.
- Strong investor demand led to 80% increase in LIFE Offering size from $5M to $9M
- Successfully raised $7.85M through two prior closings
- Total potential funding of $14M through combined offerings
- Warrants provide 54% potential upside at $1.20 exercise price
- Significant dilution through issuance of up to 17.95M new units
- Short warrant exercise period of only 18 months
- Private placement shares subject to 4-month hold period
VANCOUVER, BC / / 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
Together with the previously announced
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 and on the Corporation's website at . 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
All securities issued to investors in connection with the Private Placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.
About CoTec
CoTec is a publicly traded investment issuer listed on the TSXV and the OTCQB and trades under the cymbol CTH and CTHCF respectively. CoTec is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employes a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec's strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector.
For more information, please visit .
Forward-Looking Information Cautionary Statement
Statements in this press release regarding the Company, its investments and the Offerings which are not historical facts are "forward-looking statements" that involve risks and uncertainties, including statements relating to management's expectations with respect to its current and potential future investments and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
Actual results in each case could differ materially from those currently anticipated in such statements, due to known an unknown risks and uncertainties affecting the Company, including by not limited to: receipt of required approvals for the upsized LIFE Offering, general economic, political and market factors in North America and internationally, interest and foreign exchange rates, changes in costs of goods and services, global equity and capital markets, business competition, technological change, changes in government relations, industry conditions, unexpected judicial or regulatory proceedings and catastrophic events. The Company's investments are being made in mineral extraction related assets and technologies which are subject to their own inherent risks and the success of such Investments may be adversely impacted by, among other things: environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social disruptions. As the investments are being made in mineral extraction technology, such investments will also be subject to risks of successful application, scaling and deployment of technology, acceptability of technology within the industry, availability of assets where technology could be applied, protection of intellectual property in relation to such technology, successful promotion of technology and success of competitor technology. Any material adverse change in the Company's financial position or a failure by the Company to successfully make investments in the manner currently contemplated, could have a corresponding material adverse change on the investments and, by extension, the Company.
For further details regarding risks and uncertainties facing the Company, please refer to "Risk Factors" in the Company's filing statement dated April 6, 2022 and its other continuous disclosure documents, copies of which may be found under the Company's SEDAR+ profile at . The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this press release and are encouraged to read the Company's continuous disclosure documents, which are available on SEDAR+ at .
For further information, please contact:
Braam Jonker - (604) 992-5600
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
SOURCE: CoTec Holdings Corp.
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FAQ
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