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Financings

Copper Road increases private placement

By The Northwire Desk — AI Analysis Dec 29, 2025 · 18:20 CRD · 0.05 Copper Road Resources Inc.
CRD · Price

Executive Summary

  • Copper Road Resources Inc. has upsized its non-brokered private placement due to additional investor demand, increasing the total offering size across three tranches.
  • The company has already closed the first tranche on December 24, 2025, raising $545,260, with the final tranche anticipated to close by December 31, 2025.
  • The offering involves the sale of common share units and flow-through units, with proceeds designated for exploration expenses on the Ben Nevis project and general working capital.

Key Details

  • Upsized Offering Structure:
    • Common Share Units: Up to 8,747,500 units at $0.035 per unit for gross proceeds of up to $349,900.
    • Flow-Through Units (Tranche 1): 13,333,333 units at $0.045 per unit for gross proceeds of up to $600,000.
    • Flow-Through Units (Tranche 2): 2.7 million units at $0.05 per unit for gross proceeds of up to $135,000.
  • First Tranche Closed:
    • Issued 2,435,000 units and 9,952,447 FT units.
    • Aggregate gross proceeds of $545,260.
    • Closed on December 24, 2025.
  • Final Tranche Timeline:
    • Anticipated to close by December 31, 2025.
  • Unit Composition:
    • Each unit consists of one common share and one common share purchase warrant.
    • Each warrant entitles the holder to purchase one common share at $0.05.
    • Warrants are exercisable for 18 months from the date of issuance.
  • Use of Proceeds:
    • FT Units: Used to incur eligible Canadian exploration expenses (flow-through critical mineral mining expenditures) for the Ben Nevis project or other Ontario properties. Qualifying expenditures will be renounced to subscribers effective December 31, 2025.
    • Non-FT Units: Used for property payments on the Ben Nevis project and general working capital.
  • Regulatory and Insider Details:
    • Completion is subject to regulatory approvals, including TSX Venture Exchange approval.
    • Securities are subject to a hold period of four months and one day post-issuance.
    • Insiders may participate, constituting a related-party transaction under MI 61-101; the company relies on exemptions from valuation and minority shareholder approval requirements as the insider acquisition value will not exceed 25% of market capitalization.
    • Finders' fees may be paid to eligible finders.
Read the original news release →

More from Copper Road Resources Inc.

Nov 05, 2026 · 07:00

Copper Road filed a maiden drill permit for the Ben Nevis VMS project as exploration activities advance.

Production / Operations Oct 15, 2026 · 07:00

Copper Road secures a First Nation agreement to advance drilling, while its shares remain near multi-year lows.

Drill Results May 27, 2026 · 09:25

Copper Road Consolidates Ben Nevis Targets, Funding Secured for Maiden Drill Campaign

Drill Results May 04, 2026 · 17:01

Copper Road Secures Short-Term Runway with Small Financing Amidst Exploration Ramp-Up

Financings Mar 16, 2026 · 23:44

Copper Road Resources closes $650,500 financing

Financings Mar 16, 2026 · 17:46

Copper Road Announces Closing of Financing

Financings