Copper Road Announces Upsize to Financing

Core Viewpoint - Copper Road Resources Inc. is amending its non-brokered private placement, aiming to raise gross proceeds of up to $897,500 through the sale of common share units and flow-through units [1][3]. Group 1: Offering Details - The amended Offering will consist of up to 8,500,000 common share units priced at $0.035 per Unit, generating gross proceeds of up to $297,500 [1]. - Additionally, the Offering includes 13,333,333 flow-through units priced at $0.045 per FT Unit, expected to raise up to $600,000 [1]. - Each Unit comprises one common share and one common share purchase warrant, while each FT Unit includes one flow-through share and one warrant [2]. Group 2: Use of Proceeds - Proceeds from the sale of FT Shares will be allocated to eligible Canadian exploration expenses, specifically for the exploration of the Ben Nevis Project and other Ontario properties [3]. - Funds from the sale of common share units will be used for property payments on the Ben Nevis Project and for general working capital [4]. Group 3: Regulatory and Transactional Aspects - The Offering may involve finder's fees and participation from certain insiders, which will be treated as a related party transaction [5]. - All securities issued will be subject to a hold period of four months and one day post-issuance, and the Offering is contingent upon receiving necessary regulatory approvals [6][8].