Northwire Canada EditionWednesday, July 29, 2026
Northwire
NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Financings

Copper Road arranges $750,000 private placement

CRD · Price

Executive Summary

  • Copper Road Resources Inc. has arranged a non-brokered private placement for gross proceeds of up to $750,000, consisting of hard dollar common share units and flow-through common share units.
  • The offering includes 3,333,333 common share units at 4.5 cents per unit ($150,000) and 13,333,333 flow-through units at 45 cents per unit ($600,000).
  • Proceeds will be used for exploration of the Ben Nevis project (via flow-through shares), property payments on the Ben Nevis project, and general working capital.

Key Details

  • Total Gross Proceeds: Up to $750,000.
  • Hard Dollar Units:
    • Quantity: Up to 3,333,333 common share units.
    • Price: 4.5 cents per unit.
    • Gross Proceeds: Up to $150,000.
  • Flow-Through Units (FT Units):
    • Quantity: Up to 13,333,333 flow-through units.
    • Price: 45 cents per unit.
    • Gross Proceeds: Up to $600,000.
  • Unit Composition: Each unit (both hard dollar and flow-through) consists of one common share and one common share purchase warrant.
  • Warrant Terms:
    • Exercise Price: 5 cents per common share.
    • Expiration: 18 months after the date of issuance.
  • Use of Proceeds:
    • FT Share Proceeds: To incur eligible Canadian exploration expenses (flow-through mining expenditures) for the Ben Nevis project; expenditures renounced to subscribers effective Dec. 31, 2025.
    • General Proceeds: Property payments on the Ben Nevis project and general working capital.
  • Regulatory/Transaction Details:
    • Finders' fees may be paid to eligible finders.
    • Insiders may participate, constituting a related party transaction under MI 61-101.
    • Company intends to rely on exemptions from valuation and minority shareholder approval requirements of MI 61-101 (sections 5.5(a) and 5.7(1)(a)) as insider acquisition value will not exceed 25% of market capitalization.
    • Hold Period: Four months and one day after issuance.
    • Regulatory Approval: Subject to TSX Venture Exchange approval.
    • First Closing: Anticipated on or about Dec. 22, 2025.
Read the original news release →

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