Business
Copper Road Announces Upsized 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 Upsized Financing\nNOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Copper Road Resources Inc. (TSX-V: CRD) (\"Copper Road\" or the \"Company\") announces today that due to additional investor demand it is increasing the offering size of its non-brokered private placement as previously announced on December 19, 2025. The upsized offering (the “Offering”) will consist of the sale of up to: (i) 8,747,500 common share units in the capital of the Company (each, a “Unit”) at a price of $0.035 per Unit for gross proceeds of up to $349,900; (ii) 13,333,333 flow-through units of the Company (each, a “FT Unit”) at a price of $0.045 per FT Unit for gross proceeds of up $600,000; and (iii) 2,700,000 FT Units at a price of $0.05 per FT Unit for gross proceeds of up $135,000. Each Unit consists of one common share of the Company and one common share purchase warrant (each, a “Warrant”). Each FT Unit consists of one common share and one Warrant of the Company each to be issued as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada). 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. The gross proceeds from the sale of FT Units will be used to incur eligible \"Canadian exploration expenses\" that qualify as \" flow-through critical mineral mining expenditures\" as both terms are defined in Income Tax Act (Canada)(\"Qualifying Expenditures\"). 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 or on the Company’s other Ontario properties. The proceeds from the sale of Units will be for property payments on the Ben Nevis Project as well as for general working capital. The Company may pay finder’s fees to eligible finders in connection with the Offering. Certain insiders of Copper Road may participate in the Offering, which would constitute a \"related party transaction\", as...