VANCOUVER, British Columbia, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Koryx Copper Inc. (the "Company") (TSXV:KRY) is pleased to announce that it has closed its previously announced "bought deal" private placement offering (the "Offering") of an aggregate 18,776,050 common shares of the Company (the "Common Shares") at a price of C$2.45 per Common Share (the "Issue Price") for aggregate gross proceeds to the Company of C$46,001,323, inclusive of the exercise in full of the option granted to the Underwriters (defined herein) (the "Offering").
The Offering was led by Stifel Canada, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters that includes Beacon Securities Limited, Haywood Securities Inc., Research Capital Corporation, Red Cloud Securities Inc., Canaccord Genuity Corp. and BMO Capital Markets (collectively, the "Underwriters").
The Company is also pleased to announce a strategic non-brokered private placement offering (the "Placement") to predominantly Namibian institutional and retail investors, of up to 2,040,816 Common Shares at a price of $2.45 per Common Share for gross proceeds of $5,000,000. The Company will use the net proceeds of the Placement for mineral exploration expenses, working capital and general corporate purposes. The Company may pay finder's fees in connection with the Placement consisting of 3% cash commission of the gross proceeds of the Placement.
Heye Daun, Koryx Copper's President and CEO, commented: "We are delighted with the very strong demand which we received from a range of highly respected international investors which rendered this financing so significantly oversubscribed. We are particularly pleased with the strong interest received from various institutional, high net-worth and general retail investors from Namibia. We consider it as strategically important to continue to grow our Namibian ownership base which is why we facilitated this additional Namibian side-car financing in addition to the Canadian bought deal."
The Common Shares issued under the Offering were offered for sale to purchasers resident in each of the provinces and territories of Canada, except Québec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the listed issuer Financing Exemption (the "Listing Issuer Financing Exemption"). As the Offering was completed pursuant to the Listed Issuer Financing Exemption, the Common Shares issued pursuant to the Offering are not subject to a statutory hold period pursuant to applicable Canadian securities laws. The Common Shares were also offered in the United States on a private placement basis pursuant to an exemption from the registration requirements ...
