Royal Road Minerals Announces Non-Brokered Private Placement Offering

Core Points - Royal Road Minerals Limited announced a non-brokered private placement offering of up to 27,777,778 ordinary shares at a price of C$0.18 per share, aiming for gross proceeds of up to C$5,000,000 [1] - The offering will be available to purchasers in all Canadian provinces except Quebec, under the Listed Issuer Financing Exemption [1] - The net proceeds will be utilized to expand drilling programs in Colombia and Saudi Arabia, with closing expected on or before November 21, 2025 [4][6] Offering Details - The offering consists of up to 27,777,778 ordinary shares priced at C$0.18 each, targeting gross proceeds of C$5,000,000 [1] - Integrity Capital Group Inc. has been engaged as a finder, with potential fees of up to 6.0% cash commission and 6% in Brokers Warrants on total proceeds [3] - The offering is subject to regulatory approvals, including that of the TSX Venture Exchange [4] Company Strategy - The company aims to consolidate key titles and continue drilling at Guintar, where a new porphyry gold, copper, and silver system has been discovered [6] - Royal Road is preparing to drill new gold targets in Saudi Arabia, marking a significant strategic move for the company [6] - The financing is viewed as a timely opportunity to enhance the company's visibility and communication of its story [6] Company Overview - Royal Road Minerals is a mineral exploration and development company focused on discovering and developing copper and gold deposits [7] - The company operates in Saudi Arabia, Morocco, and Colombia, with a mission to minimize environmental impact while ensuring no net loss of biodiversity [7]