- CopAur Minerals (CPAU) has announced that it has entered into an engagement letter with iA Private Wealth Inc. to act as lead agent and sole bookrunner in connection with its private placement
- The private placement is for the sale of up to 8,928,572 units at a price of $1.12 per offered unit to raise gross proceeds of $10,000,000
- Each offered unit consists of one common share and one-half of one share purchase warrant
- The proceeds of the offering and any over-allotment will be used for future exploration work and for general working capital purposes
- CopAur Minerals is an exploration company focused on advancing orogenic gold and copper porphyry targets
- Copaur Minerals Inc. (CPAU) is down 2.4 per cent, trading at $1.20 per share at 10:32 AM ET
CopAur Minerals (CPAU) has announced a private placement to raise gross proceeds of $10,000,000.
The company will issue up to 8,928,572 units at a price of $1.12 per unit.
Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share at an exercise price of $1.40 for a period of two years from the closing date of the offering.
iA Private Wealth is the lead agent and sole bookrunner for the offering.
CopAur Minerals has granted the agent an over-allotment option to sell up to an additional 1,339,286 units for additional gross proceeds of up to $1,500,000.
“We are pleased to be working with iA Private Wealth on this Financing. Our previous financing was significantly over subscribed and this offering will allow those who were unable an opportunity to participate,” stated CEO Jeremy Yaseniuk.
The offering is expected to close on or about April 26, 2022.
All securities issued will be subject to a four-month statutory hold period. The warrants will not be listed on any exchange.
The proceeds will be used for future exploration work and for general working capital purposes.
CopAur Minerals is an exploration company focused on advancing orogenic gold and copper porphyry targets.
Copaur Minerals Inc. (CPAU) is down 2.4 per cent, trading at $1.20 per share at 10:32 AM ET.