Royal Road arranges $5-million private placement

Executive Summary

• Royal Road Minerals Ltd. announced a non-brokered private placement offering of up to 27,777,778 ordinary shares at $0.18 per share, raising gross proceeds of up to $5 million.
• The offering is structured under the listed issuer financing exemption (NI 45-106), meaning shares are not subject to a hold period.
• Net proceeds will be used to expand drilling programs in Colombia and Saudi Arabia.

Key Details

• Offering Size: Up to 27,777,778 ordinary shares.
• Price: $0.18 per share.
• Gross Proceeds: Up to $5,000,000.
• Structure: Non-brokered private placement.
• Regulatory Exemption: Listed issuer financing exemption under Part 5A of National Instrument 45-106, as amended by CSA Coordinated Blanket Order 45-935.
• Hold Period: None; shares are not subject to a hold period under applicable Canadian securities laws.
• Finder’s Fees: Integrity Capital Group Inc. engaged as a finder; compensation includes a cash commission of up to 6.0% plus 6% in broker warrants on total proceeds from introduced subscribers, plus reasonable expenses up to $10,000.
• Use of Proceeds: Expansion of drilling programs across Royal Road's properties in Colombia and Saudi Arabia.
• Closing Date: Expected on or before November 21, 2025.
• Conditions: Subject to regulatory approvals, including TSX Venture Exchange approval.

Notable Quotes

• "With a new strategic shareholder in place and greater visibility across our portfolio, Royal Road is positioned to move decisively... This financing marks a timely and positive inflection point for Royal Road; one that will allow us to broaden our reach and communicate our story more effectively." — Tim Coughlin, President and CEO