Algo Grande Copper Completes $4.786 Million Private Placement

Algo Grande Copper Corp., based in Vancouver, has successfully closed a non-brokered private placement for $4,786,498. This transaction involved the issuance of 7,977,497 common shares at $0.60 each. The funds will primarily support drilling and exploration at the company's Adelita Project in Sonora.

In addition, Algo Grande paid $104,020 in commissions and issued 238,950 warrants to eligible finders. These warrants allow purchase of shares at $0.60 each for two years. The securities are subject to a four-month hold period.

Certain company insiders also participated, buying 123,333 shares, representing a related party transaction under MI 61-101 regulations. The company has met the required exemptions as this does not exceed 25% of its market capitalization.