Copper Road Announces Closing of First Tranche of Financing

Core Viewpoint - Copper Road Resources Inc. has successfully closed the first tranche of its non-brokered private placement, raising a total of $545,260 through the sale of flow-through units and hard-dollar units [1][3]. Group 1: Offering Details - The first tranche consists of 9,952,447 flow-through units priced at $0.045 each and 2,435,000 hard-dollar units priced at $0.04 each [1]. - Each unit includes one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at $0.05 within 18 months [2]. - The gross proceeds from the flow-through units will be allocated to eligible Canadian exploration expenses, specifically for the Ben Nevis Project and other Ontario properties [3]. Group 2: Related Party Transactions - An officer of the company subscribed for 222,222 flow-through units, which is classified as a related party transaction [4]. - The company is utilizing exemptions from formal valuation and minority shareholder approval requirements due to the participation's fair market value being under 25% of the company's market capitalization [4]. Group 3: Regulatory and Financial Aspects - The completion of the offering is contingent upon receiving necessary regulatory approvals, including from the TSX Venture Exchange [5]. - A cash commission of $40,120 will be paid to eligible finders, along with the issuance of 762,862 finder warrants, each exercisable at $0.05 for 18 months [5]. - The securities issued will be subject to a statutory hold period of four months and one day from the issuance date [5]. Group 4: Future Expectations - The second tranche of the offering is anticipated to close around December 30, 2025 [7].