Business
Copper Road Resources Announces Private Placement of up to $400,000
TORONTO, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Copper Road Resources Inc. (TSXV: CRD) (“Copper Road” or the “Company”) is pleased to announce a non-brokered private
About this update from Copper Road Resources Inc
[{"type":"text","content":" TORONTO, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Copper Road Resources Inc. (TSXV: CRD) (“Copper Road” or the “Company”) is pleased to announce a non-brokered private placement of up to 5,000,000 units of the Company (each, a “Unit”) at a price of $0.08 per Unit for aggregate gross proceeds of up to $400,000 (the “Offering”). Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one common share of the Company at a price of $0.15 for a period of 24 months the closing date of the Offering. The Company intends to use the net proceeds of the Offering to further explore the Company’s properties, and for working capital and general corporate purposes. The closing of the Offering is expected to occur on or about March 7, 2023 and is subject to receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange (“TSXV”). A 7.0% cash finder’s fee will be payable on the sale of Units sourced by eligible finders in accordance with the policies of the TSXV. About Copper Road Copper Road Resources Inc. is a Canadian based explorer engaged in the acquisition, exploration and evaluation of properties for the mining of precious and base metals. The Company is exploring for large copper/gold deposits on the 21,000-hectare Batchewana Bay Project 80 km. north of Sault St. Marie, Ontario, Canada. Further Information For further information regarding Copper Road, please contact: Mr. John Timmons, President/CEO and Director Copper Road Resources Inc. Cellular (416) 931 2243 Email: [email protected] Web: www.copperoad.ca Cautionary Note Regarding Forward Looking Information This news release contains \"forward-looking information\" and \"forward-looking statements\" (collectively, forward-looking statements\") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as \"expects\", or \"does not expect\", \"i...