Algo Grande Copper increases its private placement to $5.0M, issuing 8.33M shares at $0.60 each due to investor interest.
Algo Grande Copper (ALGRF) has upsized its non-brokered private placement to $5.0M from an initial $3.0M, citing strong investor demand. The company will issue up to 8.33M common shares at $0.60 per share.
The offering was initially announced at $3.0M but expanded after exceeding expectations. No prior comparable placements were disclosed in recent filings. The move reflects growing interest in the company’s copper exploration projects.
Market reaction details were not immediately available.