- CopAur Minerals (CPAU) has closed the first tranche of a non-brokered private placement for gross proceeds of $1,606,000
- Under the first tranche, the company issued 3,212,000 units for $0.50 per unit
- Net proceeds will be used for exploration purposes on Bolo and Kingsley Mountain projects in Nevada
- Copaur Minerals Inc. (CPAU) opened trading at C$0.50
CopAur Minerals (CPAU) has closed the first tranche of its previously announced private placement for gross proceeds of $1,606,000.
Under the first tranche, the company issued 3,212,000 units for $0.50 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for 24 months from the closing date of the placement.
All securities issued are subject to a statutory four-month hold period.
The company has paid finders fees totalling $90,555 and issued 177,510 finder warrants.
The company will close the second tranche shortly.
Net proceeds from the private placement will be used for exploration purposes on Bolo and Kingsley Mountain projects in Nevada.
CPAU is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada and British Columbia.
Copaur Minerals Inc. (CPAU) opened trading at C$0.50.