Andina Copper Announces LIFE Offering and Concurrent Financing for an Aggregate of $20m

Core Viewpoint - Andina Copper Corp. is conducting a non-brokered private placement to raise a total of $20,000,000 through two offerings, the LIFE Offering and the Concurrent Financing, each involving the sale of 12,500,000 common shares at a price of $0.80 per share [1][2]. Group 1: Offerings Details - The LIFE Offering will provide gross proceeds of $10,000,000 and is conducted under the Listed Issuer Financing Exemption, with shares not subject to a Canadian hold period [1][4]. - The Concurrent Financing will also raise $10,000,000 through the sale of Non-LIFE Shares, which will be subject to a hold period for Canadian residents [2][3]. - Finder's fees of up to 6% cash may be paid in connection with the Offerings [2]. Group 2: Use of Proceeds - The net proceeds from the Offerings will be allocated to fund exploration at the Piuquenes and Cobrasco Projects, as well as for working capital and general corporate purposes [5]. Group 3: Regulatory and Compliance Information - The LIFE Shares will be offered in all Canadian provinces except Quebec, while the Non-LIFE Shares may be offered in other qualifying jurisdictions outside Canada [3][4]. - The securities offered have not been registered under the U.S. Securities Act and cannot be sold in the United States without registration or applicable exemptions [7][12].