Fredonia closes C$10 million bought-deal private placement

Canada NewsWire

/Not for distribution to United States newswire services or for dissemination in the United States. Not an offer of securities for sale in the United States/

TORONTO , Sept. 14, 2026 /CNW/ -- Fredonia Mining Inc. (" Fredonia " or the " Company ") (TSXV: FRED) is pleased to announce that it has entered into an agreement with ATB Cormark Capital Markets (the " Lead Underwriter ") to act as lead underwriter and sole bookrunner, on behalf of itself and a syndicate of underwriters (collectively, the " Underwriters "), in connection with a "bought deal" private placement for aggregate gross proceeds of approximately C$10 million (the " Offering ").

The Offering will consist of the issuance and sale of 15,384,700 common shares of the Company (the " Common Shares ") at a price of C$0.65 per Common Share.

The Company has granted the Underwriters an option, exercisable in whole or in part, at any time prior to the Closing Date (as defined below), to increase the size of the Offering to raise additional gross proceeds of up to C$1,500,005.

The Company intends to use net proceeds from the Offering for the exploration and advancement of the Company's El Dorado Monserrat Project in Santa Cruz province, Argentina, and for general corporate and working capital purposes, all as further described in the offering document relating to the Offering.

The Company is conducting the Offering pursuant to Section Part 5A.2 of National Instrument 45-106 Prospectus Exemptions , as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the " Listed Issuer Financing Exemption ") to purchasers in each of the provinces of Canada (other than the province of Québec). The Underwriters will also be entitled to offer the Common Shares for sale in the United States and other jurisdictions outside Canada pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933 , as amended (the " U.S. Securities Act ") and in certain other jurisdictions outside of Canada and the United States pursuant to applicable regulatory requirements and in accordance with OSC Rule 72-503 – Distributions Outside Canada (" OSC Rule 72-503 "); provided it is understood that no prospectus filing or comparable obligation, ongoing reporting requirement or requisite regulatory or governmental approval arises in such other jurisdictions. The Common Shares issued pursuant to the Listed Issuer Financing Exemption to investors resident in Canada or to investors outside of Canada pursuant to OSC Rule 72-503 will not be subject to a hold period in Canada.

The securities described herein have not been and will not be registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or ‎sold to, or for the account or benefit of, persons in the "United States" or to "U.S. persons" (as such terms are defined in Regulation S under the U.S. Securities Act), absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any ‎jurisdiction in which such offer, solicitation or sale would be unlawful.‎