CopAur Minerals Closed Non-Brokered Flow-Through Private Placement
888-700 West Georgia, Vancouver, BC, V7Y 1G5
COPAUR MINERALS CLOSED NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT
Vancouver, British Columbia — November 9, 2021: CopAur Minerals Inc. (the “Company”) (CPAU: TSX-V) announces the Company closed the non-brokered flow-through private placement consisting of 1,426,055 flow-through units (“Units”) at a purchase price of $1.10 per Unit and raised 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.
Existing insiders participated in the private placement for an aggregate amount of $73,700 being 4.7% of the private placement. All securities issued in conjunction with this private placement are subject to a hold period expiring four months plus a day after the date of issuance. A finder fee to Roche Securities Ltd. of $89,700 cash and 40,772 finder warrants at $1.25 for a period of two years.
A portion of 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 Company intends to rely on exemptions from the formal valuation and minority approval requirements in sections 5.5(b) and 5.7(e) of MI 61-101 on the basis that the Company is not listed on any specified senior stock exchanges and that the Company is facing financial hardship and the transactions are designed to improve the Company’s financial position.
The proceeds of the private placement will be used for advancing the Williams Gold porphyry property in the Toodoggone region of BC.
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
“Jeremy Yaseniuk”
Jeremy Yaseniuk Chief Executive Officer
For further information, please contact:
Jeremy Yaseniuk CopAur Minerals Inc.
Telephone: 604-773-1467 Email: [email protected]
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 release.
This news release contains forward-looking statements. These statements relate to future events or Company’s future performance. 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.