CopAur Minerals Closes Oversubscribed $3,281,420 Non-Brokered Private Placement

Executive Summary

• CopAur Minerals closed a non‑brokered private placement raising $3,281,420 in gross proceeds.
• The offering consisted of 32,814,200 units at $0.10 per unit, each unit containing one common share and half a warrant to purchase an additional share at $0.20 for 24 months.
• Proceeds will fund development of the Kinsley Mountain gold project, permit work on the Troy Canyon property in Nevada, and general working capital.

Key Details

• Units Issued: 32,814,200 units @ $0.10 per unit → $3,281,420 gross proceeds.
• Unit Composition: 1 common share + ½ warrant (full warrant allows purchase of one additional share at $0.20).
• Warrant Terms: Exercise price $0.20; exercisable for 24 months from issuance; expiry may be accelerated to 30 days after a notice if the Company’s TSX‑V share price trades ≥ $0.30 for ten consecutive trading days.
• Hold Period: All securities subject to a lock‑up of four months + 1 day post‑issuance.
• Finder Fees: $6,000 cash plus 24,000 non‑transferable finder warrants at $0.20 each (two‑year term).
• Insider Participation: Insiders purchased 1,500,000 units (4.6% of the total sold), treated as a related‑party transaction under MI 61‑101; no formal valuation or minority approval required because neither fair market value nor consideration exceeded 25% of market cap.
• Use of Proceeds:
• Advance development program at Kinsley Mountain gold property (Nevada).
• Secure permits and commence preliminary exploration on Troy Canyon property (Nevada).
• General working capital.
• CEO Comment: Andrew Neale highlighted rapid closure, strong investor support (~84% of raise from four entities), and the financing positioning CopAur “on the path to becoming a gold‑mine developer in the near future.”

Notable Quotes

“We believe this puts CopAur squarely on the path to becoming a gold mine developer in the near future,” – Andrew Neale, CEO.