Business
CopAur Announces Private Placement, Director Participation, and Gypsy Swap
Vancouver, British Columbia--(Newsfile Corp. - August 21, 2023) - CopAur Minerals Inc. (TSXV: CPA...
About this update from Copaur Minerals Inc.
[{"type":"text","content":"CopAur Announces Private Placement, Director Participation, and Gypsy SwapVancouver, British Columbia--(Newsfile Corp. - August 21, 2023) - CopAur Minerals Inc. (TSXV: CPAU) (the \"Company\") is pleased to announce a private placement offering (the \"Private Placement\") of 1,000,000 units of the Company's securities (\"Units\") at a price of $0.50 per Unit for gross proceeds of $500,000, which will be fully subscribed by Jeremy Yaseniuk, the Company's Chief Executive Officer and Conrad Swanson, the Company's Chairman. Each Unit will consist of one common share and one-half of one share purchase warrant, with each whole warrant entitling the holder to acquire one additional common share at an exercise price of $0.75 for a period of 24 months following the date of issuance. The terms of the Private Placement are the same as those of the Company's previous private placement completed in April 2023, under which the Company raised gross proceeds of $2,610,500 from the sale of 5,221,000 Units. The proceeds from this Private Placement will be used to continue to advance the exploration at the Company's flagship Kinsley Mountain Gold Property in Nevada. Jeremy Yaseniuk, the Chief Executive Officer and Conrad Swanson, the Chairman of the Company plan to sell an aggregate of 1,200,000 common shares of the Company from their personal holdings through the facilities of the TSX Venture Exchange (\"TSXV\") on or about August 21, 2023 and will invest all of the proceeds from the share sale in the Private Placement. Jeremy Yaseniuk, CopAur's CEO stated, \"Management decided to fully subscribe to this Private Placement and price it above market price on the same terms and conditions as our previous private placement. This adds funding to our treasury for future work programs and demonstrates management's commitment to the Company and our confidence in its projects and in management's ability to effectively advance these projects and navigate in challenging markets. We look forward to seeing the results from the recently completed drilling program at Kinsley Mountain that was conducted on the two known target zones and also tested new areas of the property. It is management's hope to quickly analyze and evaluate the upcoming results when they become available and go back to Kinsley to continue to advance this exciting project.\" The Private Plac...