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Copper Road Announces Upsized Financing
Globenewswire· 2025-12-29 23:09
Core Viewpoint - Copper Road Resources Inc. is increasing the size of its non-brokered private placement offering due to additional investor demand, aiming to raise a total of up to $1,084,900 through the sale of common share units and flow-through units [1][3]. Group 1: Offering Details - The upsized offering will consist of: - Up to 8,747,500 common share units at $0.035 per unit for gross proceeds of up to $349,900 - 13,333,333 flow-through units at $0.045 per unit for gross proceeds of up to $600,000 - 2,700,000 flow-through units at $0.05 per unit for gross proceeds of up to $135,000 [1] - Each common share unit consists of one common share and one common share purchase warrant, while each flow-through unit consists of one common share and one warrant, with the warrant allowing purchase of one common share at $0.05 within 18 months of issuance [2]. Group 2: Use of Proceeds - Proceeds from the sale of flow-through units will be allocated to eligible Canadian exploration expenses, specifically for the exploration of the Ben Nevis Project and other Ontario properties [3]. - Proceeds 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 Transaction Details - The offering is subject to regulatory approvals, including from the TSX Venture Exchange, and all securities issued will be subject to a hold period of four months and one day post-issuance [6]. - The first tranche of the offering closed on December 24, 2025, raising aggregate gross proceeds of $545,260, with the final tranche expected to close by December 31, 2025 [8].
Copper Road Announces Upsized Financing
Globenewswire· 2025-12-29 23:09
Core Viewpoint - Copper Road Resources Inc. is increasing the size of its non-brokered private placement offering due to additional investor demand, with a total offering size of up to $1,084,900 [1] Group 1: Offering Details - The upsized offering will consist of the sale of up to 8,747,500 common share units at $0.035 per Unit for gross proceeds of up to $349,900, 13,333,333 flow-through units at $0.045 per FT Unit for gross proceeds of up to $600,000, and 2,700,000 FT Units at $0.05 per FT Unit for gross proceeds of up to $135,000 [1] - Each Unit consists of one common share and one common share purchase warrant, while each FT Unit consists of one common share and one Warrant, issued as a "flow-through share" [2] Group 2: Use of Proceeds - Gross proceeds from the sale of FT Units will be used for eligible "Canadian exploration expenses" related to "flow-through critical mineral mining expenditures," specifically for the exploration of the Ben Nevis Project or other Ontario properties [3] - Proceeds from the sale of Units will be allocated for property payments on the Ben Nevis Project and general working capital [4] Group 3: Regulatory and Transaction Details - The Company may pay finder's fees to eligible finders in connection with the Offering, and certain insiders may participate, which will be considered a "related party transaction" [5] - All securities issued will be subject to a hold period expiring four months and one day after issuance, and the completion of the Offering is subject to regulatory approvals, including from the TSX Venture Exchange [6][8] - The first tranche of the Offering closed on December 24, 2025, with 2,435,000 Units and 9,952,447 FT Units for aggregate gross proceeds of $545,260, and the final tranche is anticipated to close by December 31, 2025 [8]
Copper Road Announces Amendments to Financing
Globenewswire· 2025-12-19 18:44
Core Viewpoint - Copper Road Resources Inc. is amending its non-brokered private placement offering to raise funds through the sale of common share units and flow-through units, with specific allocations for exploration and property payments [1][3][4] Group 1: Offering Details - The amended offering will consist of up to 8,747,500 common share units at a price of $0.04 per unit, aiming for gross proceeds of up to $349,900 [1] - Additionally, the offering includes 13,333,333 flow-through units at a price of $0.045 per unit, targeting gross proceeds of up to $600,000 [1] - Each common share unit will include one common share and one common share purchase warrant, while each flow-through unit will consist of one flow-through share and one warrant [2] Group 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 related to the Ben Nevis Project and for general working capital [4] Group 3: Regulatory and Transaction Details - The offering may involve finder's fees and participation from certain insiders, which will be treated as a related party transaction under Multilateral Instrument 61-101 [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] - The offering may close in multiple tranches, with the first anticipated closing around December 22, 2025 [8]
Copper Road Announces Second Upsize to Financing
Globenewswire· 2025-12-17 20:30
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].
Copper Road Announces Upsize to Financing
Globenewswire· 2025-12-17 12:00
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].
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]