Algo Grande Copper Closes $6.52 Million Financing, Expands Board

Algo Grande Copper Corp. has successfully closed a non-brokered private placement, raising $6.52 million. This placement involves the issuance of 10,037,020 common shares priced at $0.65 each. The funds will drive the company's Phase II exploration at the Adelita Project in Sonora, Mexico, focusing on expansion drilling and targeting new areas along a 6-kilometer limestone corridor.

In a significant board expansion, three new directors were elected: Raymond Jannas, Hunter Scharfe, and Enrico Gay. The company's recent board strengthening aligns with its strategic objectives.

Financial advisors Canaccord Genuity Corp. received a $50,000 corporate finance fee, settled through 76,923 shares. Key insiders participating in the financing ensured a seamless transaction under MI 61-101 guidelines.