Non - brokered Private Placement
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Copper Road Announces $750,000 Financing
Globenewswire· 2025-12-12 22:00
Core Viewpoint - Copper Road Resources Inc. is conducting a non-brokered private placement to raise gross proceeds of up to $750,000 through the sale of common share units and flow-through common share units [1] Group 1: Offering Details - The Offering includes the sale of up to 3,333,333 common share units at a price of $0.045 per Unit for gross proceeds of up to $150,000 and 13,333,333 flow-through units at the same price for gross proceeds of up to $600,000 [1] - Each Unit consists of one common share and one common share purchase warrant, while each FT Unit consists of one flow-through share and one warrant [2] Group 2: Use of Proceeds - Proceeds from the sale of FT Shares will be used for eligible Canadian exploration expenses, specifically for the exploration of the Ben Nevis Project [3] - Proceeds from the sale of common share units will be allocated for property payments on the Ben Nevis Project and general working capital [4] Group 3: Regulatory and Compliance Information - The Offering is subject to regulatory approvals, including the approval of the TSX Venture Exchange, and all securities issued will be subject to a hold period of four months and one day post-issuance [6][8] - The Company may pay finder's fees to eligible finders, and certain insiders may participate in the Offering, which will be treated as a related party transaction [5]