Koryx Copper Announces Closing of $46 Million Bought Deal Financing and Concurrent $5 Million Namibian Non-Brokered Private Placement

Core Viewpoint - Koryx Copper Inc. has successfully closed a bought deal private placement offering, raising C$46,001,323 through the issuance of 18,776,050 common shares at C$2.45 per share, indicating strong demand from investors [1][4]. Group 1: Offering Details - The offering was led by Stifel Canada as the lead underwriter, with a syndicate that includes several other financial institutions [2]. - The company also announced a strategic non-brokered private placement targeting Namibian investors, aiming to raise an additional C$5,000,000 through the sale of up to 2,040,816 common shares at the same price of C$2.45 per share [3]. - The net proceeds from both the offering and the placement will be utilized for mineral exploration, working capital, and general corporate purposes [5]. Group 2: Financial Terms - Underwriters received a cash commission of 6% on the gross proceeds of the offering, along with 563,281 compensation warrants, which allow the purchase of common shares at the issue price until January 20, 2028 [6]. - The offering is subject to final approval from the TSX Venture Exchange [7]. Group 3: Company Overview - Koryx Copper Inc. is focused on advancing the Haib Copper Project in Namibia and holds a portfolio of copper exploration licenses in Zambia [9]. - The Haib Copper Project is a significant copper/molybdenum porphyry deposit with a current mineral resource of 511 million tonnes at 0.33% copper and 51 parts per million molybdenum in the indicated category [10]. - The project has undergone extensive exploration and technical studies, positioning it as a potential long-life, low-cost copper production site [10][11].