GlobeNewswire·Nov 5, 2026, 6:00 PM ET

Pecoy Copper Announces Closing of Strategic Financing

Pecoy Copper Corp. closed a non-brokered private placement with Hudbay Minerals Inc. & an additional strategic investor.
The company issued 14,914,100 common shares to Hudbay & 9,762,425 common shares to the strategic investor.
Aggregate gross proceeds from the placement totaled approximately C$49.8 million.
Immediately following the closing, both Hudbay & the strategic investor held approximately 9.99% of issued common shares on a partially-diluted basis.
Net proceeds will fund exploration & development at the Pecoy copper-gold project in southern Peru, including drilling, resource definition, studies, & general corporate purposes.
An investor rights agreement was executed between Pecoy Copper & Hudbay upon closing.
The placement remains subject to final acceptance by the TSX Venture Exchange.
Issued common shares are subject to a statutory hold period expiring four months & one day from the release date.
Pecoy Copper advances the Pecoy & Tororume projects covering 19,800 hectares in the Arequipa region of Peru.
Common shares trade on the TSXV (PCU), FSE (D5E), & OTCQX (PCUUF).

Company: Pecoy Copper Corp
Keywords: TSX Venture Exchange: PCU, Pecoy Copper Corp, Private Placement, Pecoy, Pecoy Copper, Peru, Copper, Hudbay Minerals, Hudbay, Strategic Financing, Strategic Investor, Gross Proceeds