Cosa Closes Upsized C$7.5 Million Private Placement

Core Viewpoint - Cosa Resources Corp. has successfully closed a brokered private placement, raising C$7,500,000.74, with significant participation from its largest shareholder, Denison Mines Corp. [1][2] Group 1: Offering Details - The Offering consisted of 11,538,462 hard dollar units at C$0.26 per unit, 7,537,690 charity flow-through units at C$0.398 per unit, and 5,000,000 flow-through common shares at C$0.30 per share [3][4] - The net proceeds from the sale of units will be used for exploration and working capital, while proceeds from charity flow-through units and flow-through shares will fund eligible Canadian exploration expenses related to uranium projects in the Athabasca Basin [5] Group 2: Shareholder Participation - Denison Mines Corp. participated in the Offering, increasing its ownership in Cosa to 18.59% on a partially-diluted basis [2] - Denison, with a market capitalization of approximately C$3 billion, is focused on advancing the Wheeler River project, one of the largest undeveloped uranium mining projects in the Athabasca Basin [2] Group 3: Insider Transactions - Certain directors and officers of Cosa and Denison subscribed for a total of 2,607,692 units and 616,669 flow-through shares, raising C$863,000.62 [8] - This participation is classified as a related-party transaction, exempt from formal valuation and minority approval requirements due to the transaction's size [8] Group 4: Future Plans - Cosa's focus for 2026 includes drilling at the Darby and Murphy Lake North projects, which are joint ventures with Denison [14] - Drilling at Darby will target areas with historical mineralization, while Murphy Lake North will follow up on previous drilling results that indicated broad zones of alteration [14]