Copper Road Announces Second Upsize to Financing

Core Viewpoint - Copper Road Resources Inc. is increasing the size of its non-brokered private placement offering due to investor demand, aiming to raise up to $949,900 through the sale of common share units and flow-through units [1][3]. Offering Details - The upsized offering will consist of up to 9,997,143 common share units priced at $0.035 each, generating gross proceeds of up to $349,900 [1]. - Additionally, the offering includes 13,333,333 flow-through units priced at $0.045 each, expected to raise up to $600,000 [1]. - Each common share unit includes one common share and one common share purchase warrant, while each flow-through unit includes one flow-through share and one warrant [2]. Use of Proceeds - Proceeds from the sale of flow-through 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 general working capital [4]. Regulatory and Compliance Information - The offering is subject to regulatory approvals, including those from the TSX Venture Exchange, and all securities issued will be subject to a hold period of four months and one day post-issuance [4][6]. - Certain insiders may participate in the offering, which will be treated as a related party transaction, relying on exemptions from valuation and minority shareholder approval requirements [4]. Closing Timeline - The offering may close in multiple tranches, with the first closing anticipated around December 22, 2025 [6].