Business
Caprock Announces Proposed Private Placement
Toronto, Ontario--(Newsfile Corp. - December 4, 2025) - Caprock Mining Corp. (CSE: CAPR) ("Caprock" or the "Company") is pleased to announce a proposed non...
About this update from Caprock Mining Corp
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - December 4, 2025) - Caprock Mining Corp. (CSE: CAPR) ("Caprock" or the "Company") is pleased to announce a proposed non-brokered financing of hard dollar units (the "HD Units") to raise aggregate gross proceeds of $100,000 and flow through units ("FT Units") to raise aggregate gross proceeds of up to $797,400. Each HD Unit will be issued at a price at $0.10 and will be comprised of one common share and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to purchase one common share of the Company at any time on or before the date that is eighteen months following the issuance of the Warrant at a price of $0.15. Each FT Unit will be issued at a price at $0.12 and will be comprised of one common share and one-half of one Warrant. Each FT Unit will qualify as a "flow-through share" (within the meaning of subsection 66(15) of the Income Tax Act (Canada). The securities issued in connection with the financing will be subject to a four-month hold period expiring on the date that is four months and one day following the issuance of the HD Units and FT Units.","length":1225,"tagName":"p"},{"type":"text","content":"The gross proceeds from the sale of FT Units will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as both terms are defined in the Income Tax Act (Canada)) (the "Qualifying Expenditures") related to the Destiny gold property (the "Destiny Project") located near Val d'Or, Québec on which the Company entered into an option agreement (see press release dated December 4, 2024). The Qualifying Expenditures will be renounced in favour of the subscribers with an effective date no later than December 31, 2025.","length":628,"tagName":"p"},{"type":"text","content":"The net proceeds from the sale of the HD Units are expected to be used for expenditures on the Destiny Project as well as general working capital.","length":146,"tagName":"p"},{"type":"text","content":"Certain finders are entitled to receive finder's fees of up to 7% of the proceeds from investors purchasing FT Units introduced by the finder together with finder warrants entitling the finder to ac...