Business
Copper Road Announces $750,000 Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE...
About this update from Copper Road Resources Inc
[{"type":"text","content":"Copper Road Announces $750,000 Financing\n\n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n\n TORONTO, Dec. 12, 2025 (GLOBE NEWSWIRE) --\n \n Copper Road Resources Inc.\n \n (TSX-V: CRD) (\"Copper Road\" or the \"Company\") is pleased to announce a non-brokered private placement consisting of the sale of hard dollar common share units and flow through common share units (the “\n \n Offering\n \n ”) for gross proceeds of up to $750,000. The Offering will consist of the sale of up to: (i) 3,333,333 common share units in the capital of the Company (each, a “\n \n Unit\n \n ”) at a price of $0.045 per Unit for gross proceeds of up to $150,000; and (ii) 13,333,333 flow-through units of the Company (each, a “\n \n FT Unit\n \n ”) at a price of $0.045 per FT Unit for gross proceeds of up $600,000.\n \n\n Each Unit will consist of one common share of the Company (a “\n \n Unit Share\n \n ”) and one common share purchase warrant (each whole warrant, a “\n \n Warrant\n \n ”). Each FT Unit will consist of one common share of the Company to be issued as a “flow-through share” within the meaning of subsection 66(15) of the\n \n Income Tax Act\n \n (Canada) (each, a “\n \n FT Share\n \n ”) and one Warrant. Each Warrant shall entitle the holder to purchase one common share of the Company at a price of $0.05 at any time on or before that date which is 18 months after the date of issuance.\n \n\n The gross proceeds from the sale of FT Shares will be used to incur eligible \"Canadian exploration expenses\" that qualify as \"flow through mining expenditures\" as both terms are defined in\n \n Income Tax Act\n \n (Canada)(\"\n \n Qualifying Expenditures\n \n \"). All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Units effective December 31, 2025. More specifically, it is anticipated that the proceeds from the sale of FT Units will be used for exploration of the Ben Nevis Project.\n \n\n The proceeds from the sale of Units will be for property payments on the Ben Nevis Project as well as for general working capital.\n \n\n The Company may pay finder’s fees to eligible finders in connection with the Offering. Certain insiders of Copper Road...