Canaccord Genuity Leads $63.5M Private Placement in Connection with Reverse Take-over of Pecoy Copper Corp

On July 8, 2025, Pecoy Copper Limited (“Pecoy SPV”), a special purpose vehicle, completed a brokered "best efforts" private placement of 105,800,000 subscription receipts for gross proceeds of $63.5 million (the “Offering”). The Offering was conducted through a syndicate of agents led by Canaccord Genuity Corp., that included BMO Nesbitt Burns Inc., Cormark Securities Inc., Desjardins Securities Inc., Haywood Securities Inc., National Bank Financial Inc., Scotia Capital Inc., Ventum Capital Corp. and 3L Capital Inc.

The Offering was completed in connection with the reverse take-over (“RTO”) of Pecoy Copper Corp. (“Pecoy Copper”) by Pecoy SPV, which closed on September 4, 2025, creating a new  copper-gold focused development company. Upon closing of the RTO, the subscription receipts of Pecoy SPV were exchanged into common shares of Pecoy Copper, which commenced trading on the TSX Venture Exchange on September 8, 2025 under the symbol “PCU”.

Immediately prior to the completion of the RTO, Pecoy SPV closed a series of previously announced acquisitions and option transactions, that consolidated ownership of the Pecoy Project in southern Peru. The proceeds from the Offering were used to support such acquisitions and will be used to further advance the exploration and development of the Pecoy Project.

Canaccord Genuity is a global, full-service investment bank focused on growth companies with operations worldwide.

McCarthy Tétrault LLP advised the Agents with a team led by Hadrien Montagne and Vincent Laurin, that included Samantha Pettinato and Yassine Khadir.