Algo Grande Copper Upsizes Private Placement to $5 Million

Algo Grande Copper Corp. has announced the upsizing of its non-brokered private placement to $5,000,000 from a previous $3,000,000. This decision follows increased demand for its common shares. The offering will include 8,333,333 shares priced at $0.60 each. Proceeds will support ongoing drilling and exploration at the Adelita Project in Sonora, along with operational costs and general working requirements.

The company may provide a 6% cash commission to eligible finders and issue warrants allowing the acquisition of additional shares. These will be exercisable at $0.75 within 24 months. The securities issued will be under a four-month hold period. The offering remains subject to certain conditions, including TSX Venture Exchange approval.

Insiders may participate, possibly constituting a "related party transaction." The offering is not marketed in the U.S. and remains unregistered under U.S. securities laws.