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Financings

Caprock Announces Closing of Private Placement and Debt Settlement and Provides Early Warning Disclosure

By The Northwire Desk — AI Analysis Oct 06, 2025 · 16:31 CAPR · 0.08 Caprock Mining Corp.
CAPR · Price

Executive Summary

  • Caprock Mining Corp. closed a non‑brokered financing of hard‑dollar (HD) units raising $542,500 and flow‑through (FT) units raising $375,310.
  • Proceeds will fund eligible Canadian exploration expenses on the Destiny gold project and provide general working capital for the company.
  • The company also completed a debt settlement with its CEO, issuing 2 000 000 “Debt Settlement Units” valued at $0.05 each.

Key Details

  • HD Units: 1 200 000 units issued at $0.025 per unit (each unit = 1 common share + ½ warrant). Total gross proceeds $542,500.
  • FT Units: 1 250 000 units issued at $0.03 per unit (each unit = 1 flow‑through common share + ½ warrant). Total gross proceeds $375,310.
  • Warrant Terms: All warrants exercisable for one common share at $0.05 (HD) or $0.065 (Debt Settlement), with a two‑year expiry from issuance.
  • Hold Period: Securities subject to a four‑month hold period expiring 2026‑02‑07.
  • Use of Proceeds – FT Units: To be applied to eligible Canadian exploration expenses on the Destiny gold property; qualifying expenditures to be renounced by 2025‑12‑31.
  • Use of Proceeds – HD Units: To fund additional Destiny Project expenditures and general working capital.
  • Finder Fees & Warrants: $57,608.80 paid in finder fees; 2 117 626 finder warrants issued (exercise price $0.05, two‑year term). PowerOne Capital Markets Ltd. acted as a finder.
  • Related Party Subscription: Director Daniel Cohen received 1 200 000 units under MI 61‑101 exemption; no formal valuation or minority approval required.
  • Early Warning Disclosure: Frank Guillemette acquired 1 666 666 FT Units ($50,000) and 6 600 000 HD Units ($165,000), now holding ~10.62% of outstanding common shares (including warrants).
  • Debt Settlement with CEO: 2 000 000 Debt Settlement Units issued at a deemed price of $0.05 per unit; each unit = 1 common share + ½ warrant (exercise price $0.065, expiry 2027‑10‑06). Hold period same as financing units (expires 2026‑02‑07).
  • Regulatory Filings: Early warning report filed per NI 62‑103; material change report to be filed within 21 days prior to closing.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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