Copper Road Announces Private Placement of $150,000

TORONTO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Copper Road Resources Inc. (TSXV: CRD) (“Copper Road” or the “Company”) is pleased to announce a non-brokered private placement 1,500,000 flow-through units of the Company (each, an “FT Unit”) at a price of $0.10 per FT Unit for aggregate gross proceeds of $150,000 (the “Offering”). Each FT Unit will consist of one common share of the Company to be issued as a “flow-through share” (each, an “FT Share”) within the meaning of the Income Tax Act (Canada) (the “Tax Act”) and one common share purchase warrant (each warrant, a “Warrant”). Each Warrant shall entitle the holder to purchase one common share of the Company at a price of $0.15 at any time on or before that date which is 24 months after the closing date of the Offering.

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