Cosigo Resources gets extension for private placement until April 15

Cosigo Resources Ltd. (TSXV: CSG) (OTCQB: COSRF) received approval from the TSX Venture Exchange to extend the closing date of its non-brokered private placement until April 15, 2026, according to a company statement.

The private placement seeks to raise up to CAD$1,000,000 through the sale of units priced at CAD$0.08 each. Each unit includes a warrant that allows the holder to purchase an additional common share at CAD$0.15 for 60 months from the closing date.

Company insiders will participate in the placement, which constitutes a related party transaction under Multilateral Instrument 61-101. The company relies on exemptions from formal valuation and minority shareholder approval requirements.

Cosigo plans to use proceeds for prospecting, mapping and sampling activities on its Taraira property in Colombia and Willow Creek property in Nevada, as well as general working capital.

The junior exploration company focuses on gold exploration in Colombia's Taraira District near the Brazilian border. Cosigo also holds interests in the Willow Creek property in Nevada, the Damian property in Colombia, and owns 13.26% of DHK Diamonds Inc., which explores for diamonds in Canada's Northwest Territories.

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