Cosigo Resources Announces Private Placement And Assembles A Pulverization Mill And Camp Level Metallurgical Gravity Lab

Core Viewpoint - Cosigo Resources Ltd. is initiating a Private Placement to raise up to CAD$1,000,000, with units priced at CAD$0.08 and warrants at CAD$0.15, aimed at funding exploration activities and general working capital [1][4]. Group 1: Private Placement Details - The Private Placement will consist of units priced at CAD$0.08, with each unit including a full warrant priced at CAD$0.15, allowing the purchase of additional shares for 60 months [1]. - The offering is non-brokered and subject to a statutory hold period of four months and a day from the closing date, requiring approval from the TSX Venture Exchange [2]. - Insiders of the Company will participate in the placement, which is classified as a related party transaction under MI 61-101, relying on specific exemptions from formal valuation and minority shareholder approval [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for prospecting, mapping, and sampling on the Taraira property and Willow Creek Nevada property, as well as for general working capital [4]. Group 3: Equipment and Operations - The Company is nearing completion of its on-site sample pulverization mill and metallurgical gravity laboratory, which will enhance its ability to process samples and prioritize drill targeting [5][6]. - The equipment includes a motorized sluice channel system for extracting larger gold nuggets and a Falcon-type enhanced gravity centrifuge system for processing smaller samples [5]. - The Company owns 100% of the capital assets, with 90% of the equipment already on-site or within the country, aiming for a fully operational mill and laboratory by January 15th [5]. Group 4: Company Overview - Cosigo Resources Ltd. is a junior exploration company focused on gold exploration in the Taraira District of Colombia and holds interests in properties in Nevada and diamond exploration in Canada [8].