Financings
Copper Road Announces Amendments to Financing

CRD · Price
Executive Summary
- Copper Road Resources Inc. amended its non‑brokered private placement, now offering up to 8,747,500 common share units at $0.04 each (gross proceeds ≈ $349,900) and 13,333,333 flow‑through units at $0.045 each (gross proceeds ≈ $600,000).
- Proceeds from the flow‑through units will be used for eligible Canadian exploration expenses on the Ben Nevis Project and other Ontario properties; proceeds from the common share units will fund property payments on Ben Nevis and general working capital.
- The offering may close in multiple tranches with the first expected around December 22, 2025, subject to regulatory approvals and a four‑month hold period on the securities.
Key Details
- Units Offered: 8,747,500 common share units @ $0.04 per unit → up to $349,900 gross proceeds.
- Flow‑Through Units (FT Units): 13,333,333 FT units @ $0.045 per unit → up to $600,000 gross proceeds.
- Unit Composition: Each Unit = 1 common share + 1 common share purchase warrant (exercise price $0.05, exercisable for 18 months).
- FT Unit Composition: Each FT Unit = 1 flow‑through share + 1 warrant (same terms as above).
- Use of Proceeds – FT Units: Eligible Canadian exploration expenses qualifying as “flow‑through critical mineral mining expenditures” on the Ben Nevis Project and other Ontario properties; expenses to be renounced to subscribers by Dec 31, 2025.
- Use of Proceeds – Common Share Units: Property payments for the Ben Nevis Project and general working capital.
- Finder’s Fees: Company may pay eligible finders in connection with the offering.
- Related‑Party Participation: Insiders may participate; transaction qualifies for exemption under MI 61‑101 (fair market value ≤ 25 % of market cap).
- Hold Period: All securities subject to a hold period expiring four months and one day after issuance.
- Closing Timeline: Offering may close in one or more tranches; first tranche anticipated on or about December 22, 2025.
- Regulatory Conditions: Completion contingent upon TSX Venture Exchange approval and other required regulatory approvals.
- U.S. Securities Law Disclaimer: Securities not registered under U.S. law; cannot be offered/sold in the United States absent exemption.
Notable Quotes
- “The amendment to our private placement reflects strong investor interest and provides us with the capital needed to advance exploration at Ben Nevis while maintaining flexibility for future growth,” – Brian Howlett, CPA, President & CEO.
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May 27, 2026 · 09:25