Copper Road Closes $400,000 Private Placement

TORONTO, July 27, 2023 (GLOBE NEWSWIRE) -- Copper Road Resources Inc. (TSXV: CRD) ("Copper Road" or the "Company") announces that is has completed its previously announced non-brokered private placement consisting of the sale of 71,426 units of the Company (each, a "Unit") at a price of $0.07 per Unit and 5,642,858 flow-through units of the Company (each, a "FT Unit") each at a price of $0.07 per FT Unit, for aggregate gross proceeds of approximately $400,000 (the "Offering"). Each Unit was comprised of one common share of the Company and one (½) of one common share purchase warrant (each, a "Warrant"). Each FT Unit was comprised of one common share of the Company issued as a "flow-through share" (each, a "FT Share") within the meaning of the Income Tax Act (Canada) (the “Tax Act”) and one half (½) of one Warrant. Each Warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.15 for a period of 36 months the closing date of the Offering.

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