Vancouver, British Columbia — January 23, 2025: CopAur Minerals Inc. (the “Company”) (CPAU: TSX-V) announces that it has closed the previously announced non-brokered private placement (the “Private Placement”) consisting of 14,830,000 units (“Units”) at a purchase price of $0.10 per Unit, for gross proceeds of $1,483,000 from 11 subscribers. Each Unit is comprised of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire an additional common share of the Company at an exercise price of $0.15 per share for a period of two years from the date of issuance. The warrants are subject to accelerated expiry provisions that provide that if at any time after the expiry of the statutory hold period and prior to the warrant expiry the Company’s common shares trade on the TSX Venture Exchange (“TSXV”) at or above a closing price of $0.22 per share for 10 consecutive trading days, the Company may give notice to the warrant holders (“Acceleration Notice”) and all unexercised warrants will expire 30 days from the date of the Acceleration Notice.
All securities issued in conjunction with the Private Placement are subject to a hold period expiring four months plus a day after the date of issuance.
Jeremy Yaseniuk, the Company’s CEO and a director, subscribed for 2,730,000 Units, representing 18.4% of the Units sold under the Private Placement. Mr. Yaseniuk’s participation in the Private Placement constitutes a “related party transaction” within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“) adopted in the Policy. The Private Placement is exempt from the formal valuation requirements of MI 61-101 pursuant to subsection 5.5(b) of MI 61-101 because the Company’s common shares are listed only on the TSXV and it is exempt from the minority shareholder approval requirements of MI 61-101 pursuant to subsection 5.5(a) thereof, because neither the fair market value of the Units to be issued to related parties nor the consideration to be paid by related parties pursuant to the Private Placement exceeds 25% of the Company’s market capitalization as determined in accordance with MI 61-101.
The proceeds of the Private Placement will be used to settle debt and advance the Company’s projects and for general working capital purposes.
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).
For more information, please contact:
CopAur Minerals Inc.
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 for use of the Private Placement proceeds. 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.