Business
Copper Road Resources Announces Upsize to Financing
TORONTO, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Copper Road Resources Inc. (TSX-V: CRD) ("Copper Road" or the "Company") announces today that it is amending certain
About this update from Copper Road Resources Inc
[{"type":"text","content":" TORONTO, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Copper Road Resources Inc. (TSX-V: CRD) (\"Copper Road\" or the \"Company\") announces today that it is amending certain terms of its non-brokered private placement previously announced on December 12, 2025. The amended Offering will consist of the sale of up to: (i) 8,500,000 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 $297,500; and (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. Each Unit will consist of one common share of the Company (a “Unit Share”) and one common share purchase warrant (each whole warrant, a “Warrant”). 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 Income Tax Act (Canada) (each, a “FT Share”) 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. The gross proceeds from the sale of FT Shares 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 such term is defined in Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions (“MI 61-101”). The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61...