Copper Road Announces Closing of Financing

Executive Summary

• Copper Road Resources Inc. closed an oversubscribed non‑brokered private placement, issuing 5,656,522 flow‑through shares at $0.115 each for total gross proceeds of $650,500.
• Proceeds are earmarked for eligible Canadian exploration expenses on the Ben Nevis Project and other Ontario properties, with all qualifying expenditures to be renounced to shareholders by December 31 2026.
• The offering included a related‑party subscription, cash commission of $38,344, and issuance of 250,478 finder warrants (exercise price $0.115, 18‑month term).

Key Details

• Shares Issued: 5,656,522 flow‑through shares at $0.115 per share.
• Gross Proceeds: $650,500.
• Use of Proceeds: Eligible “Canadian exploration expenses” qualifying as flow‑through critical mineral mining expenditures; primarily for the Ben Nevis Project and other Ontario properties.
• Renunciation: All qualifying expenditures will be renounced to FT share subscribers effective 31 Dec 2026.
• Related‑Party Transaction: An officer subscribed for 23,698 FT shares (≤25% of market cap), exempted from formal valuation/minority approval under MI 61‑101.
• Finder Compensation: Cash commission of $38,344 paid to eligible finders.
• Finder Warrants: 250,478 warrants issued; each exercisable for one common share at $0.115 for a period of 18 months.
• Statutory Hold Period: Securities subject to a four‑month‑plus‑one‑day hold period from issuance.
• Regulatory Conditions: Closing pending receipt of all required regulatory approvals, including TSX Venture Exchange approval.
• U.S. Offering Restrictions: Shares not registered under U.S. securities laws; cannot be offered or sold in the United States without registration or an applicable exemption.

Notable Quotes

(No direct quotes were provided in the release.)