Copper Road Announces Closing of Upsized Private Placement of $175,000

TORONTO, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Further to its news release dated October 16, 2023, Copper Road Resources Inc. (TSXV: CRD) ("Copper Road" or the "Company") is pleased to announce the closing of its upsized non-brokered private placement of 1,750,000 flow-through units of the Company (each, an "FT Unit") at a price of $0.10 per FT Unit for gross proceeds of $175,000 (the "Offering"). Each FT Unit was comprised of one common share of the Company that was 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 October 20, 2025.

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