Copper Road Announces Closing of Financing

Core Viewpoint - Copper Road Resources Inc. has successfully closed a non-brokered private placement, raising a total of $650,500 through the issuance of flow-through shares, which were oversubscribed [1][2]. Financing Details - The offering consisted of 5,656,522 flow-through shares priced at $0.115 each, resulting in aggregate gross proceeds of $650,500 [1]. - Proceeds from the sale will be allocated to eligible Canadian exploration expenses, specifically for the Ben Nevis Project and other Ontario properties [2]. Related Party Transaction - An officer of the company subscribed for 23,698 flow-through shares, which is classified as a related party transaction. The company is relying on 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 [3]. Regulatory Approvals and Commissions - The completion of the offering is contingent upon receiving necessary regulatory approvals, including from the TSX Venture Exchange. The company will pay a cash commission of $38,344 to eligible finders and issue 250,478 finder warrants [4]. Securities Regulations - The securities issued will not be registered under the U.S. Securities Act and cannot be offered or sold in the United States without proper registration or compliance with applicable exemptions [5].