Freeport Resources Announces Increase in Private Placement
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Freeport Resources Announces Increase in Private Placement
Vancouver, British Columbia, December 11, 2025 - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF)
(FSE: 4XH) (“Freeport Resources” or the “Company“) is pleased to announce that it has elected to increase
the size of its previously announced non -brokered private placement (the “ Offering”) in response to
additional market interest.
The Company now intends to offer up to 116,666,666 units (each, a “ Unit”) for gross proceeds of up to
$3,500,000. Each Unit will continue to consist of one common share, and one-half-of-one common share
purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share of
the Company at a price of $0.06 for a period of twelve months.
To date, the Company has completed the first tranche of the Offering through the issuance of 53,828,332
Units for gross proceeds of $1,614,850.
The Company anticipates utilizing the proceeds from the Offering for the continued development of the
Yandera Copper Project and for general working capital purposes. At this time, the Company does not
anticipate that any portion of the proceeds from the Offering will be used to conduct investor relations
activities. The Company does not expect to utilize the proceeds of the Offering to make payments to non-
arms’ length parties, other than in the ordinary course of their compensation for services provided to the
Company.
In connection with closing of the Offering, the Company may pay finders’ fees to eligible third-parties who
have assisted in introducing subscribers to the Offering. All securities issued in connection with the
Offering will be subject to restrictions on resale for a period of four -months-and-one-day in accordance
with applicable securities laws. Completion of the Offering remains subject to the approval of the TSX
Venture Exchange.
About Freeport Resources Inc.
Freeport Resources is a Canadian mineral exploration company with a primary focus on advancing the
development of the Yandera copper-gold-molybdenum project, located in Madang Province, Papua New
Guinea. The Yandera project is one of the largest undeveloped copper-gold deposits in the world covering
approximately 245.5 square kilometers
Please visit www.freeportresources.com or contact the email address below for more information.
On behalf of the Board,
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Freeport Resources Inc.
Gord Friesen, Chief Executive Officer
T. (236) 334-1660 or [email protected]
www.freeportresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release,
the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule”, “intends” and
similar words or expressions identify forward- looking statements or information. Such statements represent the
Company’s current views with respect to future events and are necessarily based upon a number of assumptions and
estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic,
competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could
cause results, performance or achievements to be materially different from the results, performance or achievements
that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does
not assume any obligation, to update these forward- looking statements or information to reflect changes in
assumptions or changes in circumstances or any other events affecting such statements and information other than
as required by applicable laws, rules and regulations.