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Copper Road Resources Announces Shares for Debt Transaction
TORONTO, March 15, 2024 (GLOBE NEWSWIRE) -- Copper Road Resources Inc. (TSXV: CRD) (“Copper Road” or the “Company”) is pleased to announce that it has negotiate
About this update from Copper Road Resources Inc
[{"type":"text","content":" TORONTO, March 15, 2024 (GLOBE NEWSWIRE) -- Copper Road Resources Inc. (TSXV: CRD) (“Copper Road” or the “Company”) is pleased to announce that it has negotiated the settlement of $190,068.25 related to accounts payable for professional services in consideration for the issuance of 3,801,365 common shares of the Company at a deemed price of $0.05 per common share. The debt settlement is subject to receipt of all required regulatory approvals, including the approval of the TSXV. The common shares to be issued pursuant to the debt settlement will be subject to a statutory hold period which will expire four months and one day from the date of closing of the debt settlement. About Copper Road Resources Copper Road Resources (TSXV: CRD) 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 24,000-hectare Batchewana Bay Project, 80 km north of Sault St. Marie, Ontario, Canada. For more information, please contact: Mark Goodman, Chairman Cellular: 416.324.9613 Email: [email protected] Web: www.copperroad.ca Cautionary Statement Regarding Forward-Looking Information Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. While the Company considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be ...