Andina Copper Appoints Daniel Earle as Strategic Advisor and Announces Private Placement
Thenewswire·2025-10-10 12:20

Core Insights - Andina Copper Corporation has appointed Daniel Earle as a Strategic Advisor, bringing over 20 years of experience in the mining sector and capital markets [1][5] - The company has announced a fully subscribed non-brokered private placement, raising gross proceeds of $3,000,000 through the issuance of 7,500,000 shares at a price of $0.40 per share [2][3] Company Developments - The proceeds from the private placement will fund ongoing exploration at the Cobrasco Copper-Molybdenum Project in Colombia and the Piuquenes Copper-Gold Porphyry Project in Argentina [2] - The anticipated closing date for the private placement is October 31, 2025, pending acceptance by the Canadian Securities Exchange [2] - The company has granted a total of 2,000,000 stock options to Strategic Advisors, employees, and consultants, with varying exercise prices [4] Strategic Outlook - Chairman Tony Manini expressed confidence in Daniel Earle's track record and its potential to enhance Andina Copper's position as a leading copper explorer in South America [5] - The company is advancing field activities across its portfolio, with exploration underway at Cobrasco and preparations for the 2025/26 field season at the Piuquenes project [6] - Results from a recent surface sampling program at the Mantau copper-gold project in Chile are expected soon [7] Company Profile - Andina Copper Corporation is focused on copper exploration in South America and is listed on the Canadian Stock Exchange, Frankfurt, and OTC exchanges [9] - The company holds significant discoveries along the Andean porphyry belt in Argentina and Colombia, as well as an undrilled copper-gold target in Chile [10]