Andina Copper Upsizes LIFE Offering and Concurrent Financing to an Aggregate of $27.5 m

Core Viewpoint - Andina Copper Corp. has announced an upsized non-brokered private placement to raise a total of $27,500,000 through two offerings, aimed at funding exploration projects and general corporate purposes [1][2][6]. Group 1: Offering Details - The LIFE Offering will consist of 15,250,000 common shares priced at $0.80 per share, generating gross proceeds of $12,200,000 [1]. - The Concurrent Financing will offer 19,125,000 common shares, also at $0.80 per share, raising gross proceeds of $15,300,000 [2]. - The total gross proceeds from both offerings amount to $27,500,000, reflecting an increase to meet investor demand [3]. Group 2: Regulatory and Compliance Information - The LIFE Shares will be offered under the Listed Issuer Financing Exemption in all Canadian provinces except Quebec, and will not be subject to a Canadian hold period [5]. - The Non-LIFE Shares will be offered to Canadian residents under applicable prospectus exemptions and may also be available in other jurisdictions, subject to relevant laws [4]. - The LIFE Offering is expected to close around March 11, 2026, and is subject to standard conditions and compliance with TSX Venture Exchange policies [6]. Group 3: 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 [6].