Vancouver, British Columbia — January 23, 2025: CopAur Minerals Inc. (the “Company”) (CPAU: TSX-V) announces that it has reached an agreement with an arm’s length creditor to settle $500,000 of indebtedness owing under an existing $1,000,000 loan agreement (the “Loan”) (see news releases disseminated on July 26 and August 6, 2024) through the issuance of 5,000,000 common shares at a deemed issue price of $0.10 per common share and 2,500,000 common share purchase warrants of the Company’s securities. Each warrant will be exercisable for a period of two years from issuance (subject to accelerated expiry under specified circumstances) at an exercise price of $0.15 to acquire one common share. The balance of principal and all accrued interest owing under the Loan will be repaid in cash by the Company on maturity.
The issuance of the securities for debt is subject to the approval of the TSXV. All common shares and warrants (and underlying securities) issued will be subject to a hold period that will expire on the date that is four months and one day from the date of issue.
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About CopAur
CopAur is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada. The Company is backed by a dynamic and experienced team of resource professionals advancing its projects in Nevada with the flagship project being Kinsley Mountain Gold Project, a Carlin-style project located 90 kilometres south of the Long Canyon mine (currently in production under the Newmont/Barrick joint venture, Nevada Gold Mines).
ON BEHALF OF THE BOARD OF COPAUR MINERALS INC.
Jeremy Yaseniuk, Chief Executive Officer
For more information, please contact:
Jeremy Yaseniuk, Chief Executive Officer & Director
Tel: +1 (604) 773-1467
Email: jeremyy@CopAur.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward Looking Information
This news release contains forward-looking statements. These statements relate to future events or the Company’s future performance, including the Company’s plans to settle part of the Loan principal in Debt Units and the requirement of obtaining TSXV approval. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revised any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.