Boughton Law Advises Koryx Copper Inc. on $51 Million Private Placement Financing

Boughton Law Corporation acted as Canadian legal counsel to Koryx Copper Inc. (“Koryx Copper”) in connection with a combined financing transaction totalling $51 million consisting of a $46 million bought deal private placement and a concurrent $5 million non-brokered private placement.

The bought deal financing portion was led by Stifel Canada as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Beacon Securities, Haywood Securities, Research Capital Corporation, Red Cloud Securities, Canaccord Genuity, and BMO Capital Markets. Together, with the $5 million concurrent financing, the transactions involved the issuance of approximately 20.8 million common shares at a price of $2.45 per share, resulting in aggregate gross proceeds of approximately $51 million.

Proceeds from the financings will be used to advance technical studies and development planning at the Haib Copper Project in southern Namibia, as well as to support ongoing exploration, working capital, and general corporate purposes. The concurrent private placement to predominantly Namibian investors reflects continued strategic engagement with local investors and further strengthens the company’s Namibian ownership base.

Koryx Copper is focused on advancing large-scale copper assets across Africa, with a portfolio that includes the 100%-owned Haib Copper Project in Namibia and exploration interests in Zambia. Haib is a large, advanced-stage porphyry copper deposit with a long history of exploration and technical study, positioning it as a potential long-life copper development project.

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