Vancouver, British Columbia — November 5, 2021 — CopAur Minerals Inc. (the “Company”) (CPAU:TSXV) announces a non-brokered private placement offering of up to 1,426,055 flow-through units (“Units”) at a price of $1.10 per Unit to raise gross proceeds of $1,568,661 . Each flow-through Unit is comprised of one common share, intended to qualify as a flow-through share under the Income Tax Act (Canada), and one-half of one share purchase warrant. Each whole warrant will entitle the holder to acquire an additional non-flow through common share of the Company at an exercise price of $1.25 per share for a period of two years from the closing date of the private placement.
Each warrant will be subject to accelerated expiry provisions which provide that if at any time after the date of closing the Company’s common shares trade on the TSX Venture Exchange at or above a weighted average trading price of $1.40 per share for 10 consecutive trading days the Company may give notice to the holders that each Warrant will expire 30 days from the date of providing such notice if the Warrant has not been duly exercised by the holder.
The proceeds of the private placement will be used for advancing the Williams Gold porphyry property in the Toodoggone region of BC.
In conjunction with this financing, the Company may pay a finder’s fee to eligible persons in compliance with applicable securities laws and exchange policies.
This financing is subject to TSX Venture Exchange approval.
About CopAur Minerals Inc.
CPAU is an exploration company focused on advancing orogenic gold and copper porphyry targets on the William gold copper project, located within the prolific Golden Horseshoe of northern British Columbia, Canada. CopAur Minerals is ideally situated within the emerging Toodoggone District along the eastern Cordilleran gold belt, composed of the Sheep Creek, Cariboo, and Cassiar orogenic gold districts Backed by a dynamic and experienced team of resource sector professionals, including members of Benchmark Metals Inc. (TSX-V:BNCH) on its Advisory Board. The Williams project represents exceptional shareholder value with significant gold and copper potential.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer
For further information, please contact:
CopAur Minerals Inc.
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