CopAur Announces Closing of 1st Tranche of Non-Brokered Private Placement of $2,524,000
888-700 West Georgia, Vancouver, BC, V7Y 1G5
CopAur Announces Closing of 1st Tranche
of Non-Brokered Private Placement of $2,524,000
Not for distribution to U.S. news wire services or dissemination in the United States.
Vancouver, British Columbia — April 17, 2023 - CopAur Minerals Inc. (the “Company”)
(CPAU:TSXV) is pleased to announce that it has closed the first tranche (the “First Tranche”) of
its previously announced non-brokered private placement of up to six million units (“the Units”)
at a price of $0.50 per Unit (see news releases disseminated on March 22, and April 13, 2023 (the
“Offering”). Each Unit consists of one (1) common share and one half (1/2) of one transferable
common share purchase warrant (“Warrant”) of the Company. Each whole Warrant will entitle
the holder to purchase one (1) common share at an exercise price of $0.75 for twenty-four (24)
months from the date of issuance. The First Tranche raised gross proceeds of $2,524,000 from
the sale of 5,048,000 Units. All securities issued in connection with the Offering are subject to a
Canadian securities law resale restriction period expiring four (4) months from the date of
issuance of the securities.
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. Existing insiders participated in the First Tranche
for an aggregate amount of $30,000, representing 1.19% of the First Tranche.
The Company has paid finders fees on the First Tranche totaling $126,305 plus 154,910 finder
warrants to acquire one common share for a period of two years at an exercise price of $0.50
and 58,100 finder warrants to acquire one common share for a period of two years at an exercise
price of $0.75. The Company plans to proceed with a second closing of the Offering shortly.
The Offering is subject to final TSX Venture Exchange approval.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent registration or an applicable exemption
from the registration requirements. This news release does not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in any state in which
such offer, solicitation or sale would be unlawful.
The Company intends to use the net proceeds from the private placement for exploration
purposes on Bolo and Kingsley Mountain projects in Nevada, as well as working capital
requirements and other general corporate purposes.
About CopAur Minerals Inc.
CPAU is an exploration company focused on developing projects within the emerging, mineral-
rich mining regions of Nevada and British Columbia. The Company is backed by a dynamic and
experienced team of resource professionals advancing multiple holdings across both regions; the
Kinsley Mountain Gold Property, the Bolo property and Troy Canyon property all located in
Nevada and the Williams gold-copper property located in British Columbia. The Company holds
a 79.99% ownership interest in the Kinsley property, a 50.01% ownership interest in the Bolo
property, a 100% interest in the Troy Canyon property and a 100% ownership interest in the
Williams property.
ON BEHALF OF THE BOARD OF DIRECTORS
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 information under Canadian securities laws (referred
to as forward-looking statements). These statements relate to future events or Company’s future
performance. Forward looking statements in this news release include references to the size and
timing for completion of the Offering and the Company’s plans for using the proceeds from the
Offering. 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.