PriceSensitive

CopAur Minerals (TSXV:CPAU) announces $5M non-brokered private placement

Mining, The Market Online Deal Room
TSXV:BNCH
22 February 2022 08:45 (EDT)

Source: CopAur Minerals Inc.

CopAur Minerals (CPAU) has announced a non-brokered private placement for gross proceeds of $5,000,000.

The company will issue up to 5,000,000 units at a price of $1.00 per unit. Each unit includes one common share and one-half of one share purchase warrant. Each warrant will entitle the holder to acquire an additional common share at a price of $1.30 for a period of two years from the closing of the private placement.

This financing is subject to TSX Venture Exchange approval.

The proceeds will be used to fund future exploration work and for general working capital purposes.

CPAU is a mineral exploration company focused on advancing orogenic gold and copper porphyry targets on the Williams Gold-Copper Project, located in northern British Columbia.

Shares of CopAur Minerals Inc. (CPAU) opened trading at C$1.48.

Related News